Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 135,437 shares of the company’s stock after acquiring an additional 28,917 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Keurig Dr Pepper were worth $4,350,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Keurig Dr Pepper in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $61,000. R Squared Ltd acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $70,000. Finally, Cromwell Holdings LLC purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $77,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

KDP stock opened at $33.59 on Wednesday. The business has a 50 day moving average price of $32.28 and a 200 day moving average price of $33.70. 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 stock has a market cap of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $29.26 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Analysts Set New Price Targets

KDP has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Morgan Stanley increased their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on 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 directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is currently owned by insiders.

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.