Riverchase Wealth Management LLC Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Riverchase Wealth Management LLC acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,740 shares of the company’s stock, valued at approximately $698,000.

Several other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC boosted its holdings in Keurig Dr Pepper by 13.7% in the third quarter. Cerity Partners LLC now owns 142,822 shares of the company’s stock worth $5,353,000 after acquiring an additional 17,172 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Keurig Dr Pepper by 51.5% during the third quarter. Private Trust Co. NA now owns 2,967 shares of the company’s stock worth $111,000 after buying an additional 1,008 shares during the period. Bank of Montreal Can grew its holdings in shares of Keurig Dr Pepper by 0.7% during the third quarter. Bank of Montreal Can now owns 1,264,222 shares of the company’s stock valued at $47,307,000 after buying an additional 8,206 shares during the last quarter. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper in the 3rd quarter worth $61,000. Finally, Townsquare Capital LLC lifted its position in Keurig Dr Pepper by 38.4% during the 3rd quarter. Townsquare Capital LLC now owns 15,407 shares of the company’s stock worth $577,000 after acquiring an additional 4,275 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $34.26 on Friday. 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 stock has a market capitalization of $46.48 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company’s fifty day moving average price is $32.67 and its 200 day moving average price is $33.59.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley lifted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, TD Cowen lowered their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 84,397,350 shares of company stock worth $2,756,292,570. 1.00% of the stock is owned by corporate 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.