CX Institutional Buys 405 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

CX Institutional grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,534 shares of the company’s stock after acquiring an additional 405 shares during the quarter. CX Institutional’s holdings in Keurig Dr Pepper were worth $274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KDP. Marshall Wace LLP bought a new stake in Keurig Dr Pepper in the 2nd quarter worth about $10,191,000. Dark Forest Capital Management LP increased its holdings in Keurig Dr Pepper by 52.2% in the 2nd quarter. Dark Forest Capital Management LP now owns 11,908 shares of the company’s stock worth $398,000 after buying an additional 4,084 shares in the last quarter. MBB Public Markets I LLC increased its holdings in Keurig Dr Pepper by 847.2% in the 2nd quarter. MBB Public Markets I LLC now owns 76,389 shares of the company’s stock worth $2,551,000 after buying an additional 68,324 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Keurig Dr Pepper by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 626,393 shares of the company’s stock worth $20,922,000 after buying an additional 9,999 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Keurig Dr Pepper by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock worth $333,057,000 after buying an additional 609,857 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Jefferies Financial Group cut their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Citigroup reduced their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Trading Up 0.3 %

KDP stock opened at $31.15 on Monday. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. 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 $42.25 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 2.19 and a beta of 0.62. The business has a 50 day simple moving average of $32.12 and a two-hundred day simple moving average of $34.16.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.95%. Keurig Dr Pepper’s dividend payout ratio is currently 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.