Foster Victor Wealth Advisors LLC increased its position in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 186.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,574 shares of the company’s stock after buying an additional 58,351 shares during the quarter. Keurig Dr Pepper comprises about 1.4% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position. Foster Victor Wealth Advisors LLC’s holdings in Keurig Dr Pepper were worth $2,461,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of KDP. Raymond James Financial Services Advisors Inc. raised its stake in Keurig Dr Pepper by 69.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,922 shares of the company’s stock worth $613,000 after buying an additional 9,007 shares during the period. Great West Life Assurance Co. Can raised its stake in Keurig Dr Pepper by 3.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 41,548 shares of the company’s stock worth $1,156,000 after buying an additional 1,310 shares during the period. First Trust Advisors LP raised its stake in Keurig Dr Pepper by 3.0% during the 1st quarter. First Trust Advisors LP now owns 712,912 shares of the company’s stock worth $19,940,000 after buying an additional 20,641 shares during the period. AJO LP acquired a new position in Keurig Dr Pepper during the 1st quarter worth approximately $435,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Keurig Dr Pepper during the 1st quarter worth approximately $432,000. 19.53% of the stock is currently owned by institutional investors and hedge funds.
KDP has been the topic of a number of research reports. Credit Suisse Group initiated coverage on Keurig Dr Pepper in a research note on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price target on the stock. Guggenheim reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Friday, September 27th. Bank of America upped their price target on Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. SunTrust Banks set a $35.00 price target on Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada set a $31.00 price target on Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.27.
KDP traded up $0.31 during midday trading on Friday, reaching $27.95. 110,596 shares of the company were exchanged, compared to its average volume of 2,540,271. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.23 and a current ratio of 0.33. The company’s fifty day moving average price is $27.21 and its 200 day moving average price is $28.14. The company has a market cap of $37.88 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.44 and a beta of 0.46. Keurig Dr Pepper Inc has a one year low of $22.51 and a one year high of $31.06.
Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. The company’s revenue for the quarter was up 196.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 EPS. As a group, sell-side analysts anticipate that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, October 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 57.69%.
In related news, Director Robert S. Singer acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of $28.65 per share, with a total value of $85,950.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Andrew Loucks acquired 18,554 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $28.31 per share, with a total value of $525,263.74. The disclosure for this purchase can be found here. Insiders have acquired a total of 74,727 shares of company stock valued at $1,771,801 over the last three months. Corporate insiders own 0.44% of the company’s stock.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
Further Reading: What are some reasons analysts would give stocks a buy rating?
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