Cynosure Group LLC lessened its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,792 shares of the company’s stock after selling 1,135 shares during the period. Cynosure Group LLC’s holdings in Keurig Dr Pepper were worth $367,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth $25,000. Blue Trust Inc. increased its stake in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after acquiring an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after purchasing an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in Keurig Dr Pepper during the second quarter valued at approximately $35,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on KDP shares. Deutsche Bank Aktiengesellschaft increased their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Wells Fargo & Company cut their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Citigroup decreased their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.36.
Insider Transactions at Keurig Dr Pepper
In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by corporate insiders.
Keurig Dr Pepper Stock Down 0.2 %
NASDAQ:KDP opened at $32.58 on Friday. The company has a market cap of $44.19 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.54 and a beta of 0.63. 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’s fifty day moving average price is $34.82 and its two-hundred day moving average price is $34.67. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The company 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.
Keurig Dr Pepper Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) 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.
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