Sendero Wealth Management LLC Makes New $4.76 Million Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sendero Wealth Management LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 148,159 shares of the company’s stock, valued at approximately $4,759,000.

Several other hedge funds also recently bought and sold shares of KDP. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $35,000. Hexagon Capital Partners LLC increased its position in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $61,000. Finally, Federated Hermes Inc. raised its position in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent research reports. Royal Bank of Canada upped their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Barclays lowered their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.93.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction dated 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 completion of the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.97 on Thursday. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The stock’s fifty day moving average price is $32.38 and its two-hundred day moving average price is $34.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market cap of $42.01 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.59 and a beta of 0.62.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

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.