National Wealth Management Group LLC Acquires New Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Wealth Management Group LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,418 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB increased its position in shares of Keurig Dr Pepper by 57.7% in the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after purchasing an additional 268,555 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Keurig Dr Pepper by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock worth $122,038,000 after buying an additional 22,657 shares during the last quarter. LMR Partners LLP raised its position in shares of Keurig Dr Pepper by 55.5% during the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after buying an additional 186,002 shares in the last quarter. Curi RMB Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 9.4% during the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock worth $23,539,000 after acquiring an additional 54,167 shares during the last quarter. Finally, TCW Group Inc. increased its stake in Keurig Dr Pepper by 5.9% in the second quarter. TCW Group Inc. now owns 391,379 shares of the company’s stock valued at $13,072,000 after acquiring an additional 21,726 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays reduced their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper Trading Down 0.2 %

NASDAQ KDP opened at $32.58 on Thursday. The stock has a market cap of $44.19 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The stock has a 50 day simple moving average of $34.92 and a two-hundred day simple moving average of $34.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.82%. Keurig Dr Pepper’s payout ratio is presently 55.76%.

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.