B. Metzler seel. Sohn & Co. AG Has $2.20 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

B. Metzler seel. Sohn & Co. AG lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 68,491 shares of the company’s stock after purchasing an additional 1,430 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Keurig Dr Pepper were worth $2,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Townsquare Capital LLC boosted its holdings in shares of 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 buying an additional 4,275 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Keurig Dr Pepper by 77.8% during the third quarter. Captrust Financial Advisors now owns 54,941 shares of the company’s stock worth $2,059,000 after acquiring an additional 24,034 shares during the period. Benjamin Edwards Inc. grew its position in shares of Keurig Dr Pepper by 39.0% in the third quarter. Benjamin Edwards Inc. now owns 16,725 shares of the company’s stock valued at $627,000 after purchasing an additional 4,691 shares during the last quarter. Centiva Capital LP bought a new position in shares of Keurig Dr Pepper during the third quarter worth approximately $1,465,000. Finally, Hilltop Holdings Inc. acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $404,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now owns 178,511 shares of the company’s stock, valued at $5,960,482.29. The trade was a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,397,350 shares of company stock valued at $2,756,292,570 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 0.5 %

Shares of NASDAQ KDP opened at $35.14 on Thursday. The stock has a 50-day moving average price of $32.91 and a two-hundred day moving average price of $33.49. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $47.68 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating 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 firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, analysts forecast 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. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.62%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Analysts Set New Price Targets

Several research firms have weighed in on KDP. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price objective for the company. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $40.00 in a research report on Tuesday. Finally, UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.38.

Keurig Dr Pepper Company 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.