Curi RMB Capital LLC Acquires 54,167 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Curi RMB Capital LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 628,042 shares of the company’s stock after purchasing an additional 54,167 shares during the period. Curi RMB Capital LLC’s holdings in Keurig Dr Pepper were worth $23,539,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter worth about $25,000. Blue Trust Inc. lifted its holdings in Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after buying an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after buying an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after buying an additional 301 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of Keurig Dr Pepper during the second quarter valued at approximately $35,000. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Royal Bank of Canada boosted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Finally, Barclays reduced their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Seven 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.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $33.56 on Thursday. The business has a fifty day moving average price of $35.90 and a 200-day moving average price of $34.79. 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 company has a market capitalization of $45.52 billion, a PE ratio of 20.34, a PEG ratio of 2.58 and a beta of 0.63. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28.

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

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio is 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.