6,395 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Purchased by Fulcrum Capital LLC

Fulcrum Capital LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the third quarter, HoldingsChannel reports. The institutional investor purchased 6,395 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after buying an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after buying an additional 301 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Keurig Dr Pepper in the second quarter valued at $35,000. Finally, Riverview Trust Co acquired a new position in Keurig Dr Pepper in the second quarter valued at $39,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KDP. Citigroup upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a report on Monday, September 23rd. Barclays raised their target price on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average price target of $38.21.

Keurig Dr Pepper Stock Down 0.6 %

KDP stock opened at $36.70 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $36.72 and a 200-day simple moving average of $34.58. The company has a market capitalization of $49.75 billion, a P/E ratio of 23.68, a PEG ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $28.40 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.51%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.