Allstate Corp Purchases New Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Allstate Corp acquired a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,120 shares of the company’s stock, valued at approximately $1,096,000.

A number of other institutional investors have also recently bought and sold shares of the business. Townsquare Capital LLC boosted its holdings in shares of Keurig Dr Pepper by 38.4% in the 3rd quarter. Townsquare Capital LLC now owns 15,407 shares of the company’s stock worth $577,000 after buying an additional 4,275 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Keurig Dr Pepper by 1.9% in the third quarter. Glenmede Trust Co. NA now owns 28,593 shares of the company’s stock valued at $1,072,000 after acquiring an additional 524 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Keurig Dr Pepper by 77.8% during the 3rd quarter. Captrust Financial Advisors now owns 54,941 shares of the company’s stock valued at $2,059,000 after acquiring an additional 24,034 shares during the period. Erste Asset Management GmbH bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $6,066,000. Finally, Atom Investors LP purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $8,328,000. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,397,350 shares of company stock worth $2,756,292,570 over the last three months. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KDP shares. TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price for the company. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Stock Down 1.5 %

KDP opened at $33.74 on Monday. 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 one year low of $30.12 and a one year high of $38.28. The firm has a market capitalization of $45.78 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The company has a fifty day moving average price of $32.72 and a 200-day moving average price of $33.52.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for 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 company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. Equities 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.73%. Keurig Dr Pepper’s payout ratio is presently 87.62%.

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.