Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,400,936 shares of the company’s stock after purchasing an additional 77,790 shares during the period. Raymond James & Associates owned 0.10% of Keurig Dr Pepper worth $46,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HB Wealth Management LLC grew its stake in shares of Keurig Dr Pepper by 112.5% in the 4th quarter. HB Wealth Management LLC now owns 18,546 shares of the company’s stock valued at $618,000 after purchasing an additional 9,819 shares during the last quarter. SG Americas Securities LLC grew its position in Keurig Dr Pepper by 2,097.8% in the 4th quarter. SG Americas Securities LLC now owns 966,990 shares of the company’s stock valued at $32,220,000 after buying an additional 922,992 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Keurig Dr Pepper by 13.9% in the 4th quarter. IFM Investors Pty Ltd now owns 248,289 shares of the company’s stock valued at $8,273,000 after buying an additional 30,278 shares during the period. Gulf International Bank UK Ltd raised its position in Keurig Dr Pepper by 11.7% during the 4th quarter. Gulf International Bank UK Ltd now owns 97,485 shares of the company’s stock worth $3,248,000 after buying an additional 10,175 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning purchased a new position in Keurig Dr Pepper during the 4th quarter worth $1,195,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Wedbush dropped their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Barclays reduced their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Morgan Stanley dropped their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Finally, Jefferies Financial Group reduced their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Priyadarshi Sudhanshu bought 85,910 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, with a total value of $2,499,981.00. Following the transaction, the chief financial officer now owns 218,566 shares of the company’s stock, valued at approximately $6,360,270.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 over the last quarter. 0.81% of the stock is currently owned by insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $30.59 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $30.50 and its 200 day moving average price is $31.23. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.99. The stock has a market cap of $42.45 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.32 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a dividend of $0.215 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.81%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Keurig Dr Pepper 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.