Wealth Alliance Boosts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wealth Alliance grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.4% during the 4th quarter, Holdings Channel reports. The fund owned 10,264 shares of the company’s stock after purchasing an additional 966 shares during the period. Wealth Alliance’s holdings in Keurig Dr Pepper were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. OFI Invest Asset Management acquired a new position in Keurig Dr Pepper during the third quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake in shares of Keurig Dr Pepper by 973.8% during the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after buying an additional 818 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $29,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $34,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $34,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction on Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the transaction, the insider now owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 over the last 90 days. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KDP shares. Royal Bank of Canada lowered their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Barclays raised their price target on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Morgan Stanley decreased their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. 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. Finally, Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.45.

Keurig Dr Pepper Trading Up 0.8 %

Shares of Keurig Dr Pepper stock opened at $31.13 on Friday. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.99. The firm’s 50-day moving average price is $30.24 and its 200 day moving average price is $31.00. 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 firm has a market capitalization of $43.20 billion, a PE ratio of 20.08, a P/E/G ratio of 2.32 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the business posted $0.50 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.76%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

About Keurig Dr Pepper

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.