Bryn Mawr Capital Management LLC Has $9.95 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,790 shares of the company’s stock after selling 852 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Keurig Dr Pepper were worth $9,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB acquired a new position in Keurig Dr Pepper in the third quarter worth approximately $2,557,000. International Assets Investment Management LLC grew its holdings in Keurig Dr Pepper by 6,430.6% during the third quarter. International Assets Investment Management LLC now owns 114,351 shares of the company’s stock valued at $4,286,000 after purchasing an additional 112,600 shares during the last quarter. Allworth Financial LP raised its position in shares of Keurig Dr Pepper by 12.2% in the third quarter. Allworth Financial LP now owns 10,095 shares of the company’s stock valued at $378,000 after purchasing an additional 1,094 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Keurig Dr Pepper by 47.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,177 shares of the company’s stock worth $869,000 after buying an additional 7,477 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Keurig Dr Pepper by 3.6% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock worth $320,000 after buying an additional 300 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 2.4 %

Shares of Keurig Dr Pepper stock opened at $34.94 on Wednesday. The stock has a market capitalization of $47.39 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $31.86 and a 200 day simple moving average of $33.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.63%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays reiterated an “overweight” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Tuesday. TD Cowen dropped their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday. They issued a “neutral” rating and a $35.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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.