Mindset Wealth Management LLC Boosts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mindset Wealth Management LLC raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,934 shares of the company’s stock after acquiring an additional 2,961 shares during the quarter. Mindset Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $672,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Keurig Dr Pepper by 4.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 239,391 shares of the company’s stock worth $7,689,000 after buying an additional 9,130 shares in the last quarter. iA Global Asset Management Inc. grew its position in shares of Keurig Dr Pepper by 5.8% during the fourth quarter. iA Global Asset Management Inc. now owns 146,205 shares of the company’s stock worth $4,696,000 after buying an additional 7,967 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth approximately $2,867,000. Teacher Retirement System of Texas grew its position in shares of Keurig Dr Pepper by 8.2% during the fourth quarter. Teacher Retirement System of Texas now owns 839,409 shares of the company’s stock worth $26,962,000 after buying an additional 63,664 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of Keurig Dr Pepper by 3.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 457,855 shares of the company’s stock worth $14,706,000 after buying an additional 13,207 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Trading Down 0.1 %

NASDAQ:KDP opened at $33.43 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a fifty-two week low of $29.53 and a fifty-two week high of $38.28. The stock’s 50-day moving average is $32.37 and its two-hundred day moving average is $33.70. The stock has a market cap of $45.36 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 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 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued 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 dividend yield of 2.75%. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Insider Activity

In related news, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,385,350 shares of company stock worth $2,755,891,890 in the last three months. 1.00% of the stock is owned by insiders.

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.