Summit Trail Advisors LLC Acquires 1,854 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Summit Trail Advisors LLC raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,493 shares of the company’s stock after purchasing an additional 1,854 shares during the quarter. Summit Trail Advisors LLC’s holdings in Keurig Dr Pepper were worth $773,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its stake in Keurig Dr Pepper by 38.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock worth $483,000 after purchasing an additional 4,351 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth $224,000. Janus Henderson Group PLC grew its position in shares of Keurig Dr Pepper by 41.0% during the 1st quarter. Janus Henderson Group PLC now owns 182,089 shares of the company’s stock worth $5,584,000 after buying an additional 52,914 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in shares of Keurig Dr Pepper during the first quarter valued at $636,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $221,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on KDP shares. Royal Bank of Canada increased their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $32.85 on Tuesday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market cap of $44.56 billion, a PE ratio of 19.91, a P/E/G ratio of 2.52 and a beta of 0.63. The business has a 50-day simple moving average of $35.11 and a two-hundred day simple moving average of $34.71.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the business earned $0.48 EPS. Keurig Dr Pepper’s revenue for the quarter was up 2.3% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insider Buying and Selling

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 value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company 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.