Callan Family Office LLC Acquires 7,553 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Callan Family Office LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 127.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,460 shares of the company’s stock after purchasing an additional 7,553 shares during the period. Callan Family Office LLC’s holdings in Keurig Dr Pepper were worth $432,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its holdings in shares of Keurig Dr Pepper by 11.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 81,567 shares of the company’s stock worth $3,057,000 after buying an additional 8,624 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Keurig Dr Pepper by 79.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,057 shares of the company’s stock valued at $677,000 after acquiring an additional 7,980 shares during the period. Graypoint LLC bought a new position in Keurig Dr Pepper during the third quarter worth $233,000. Alan B Lancz & Associates Inc. acquired a new stake in Keurig Dr Pepper in the third quarter worth $210,000. Finally, Legacy Capital Wealth Partners LLC increased its stake in Keurig Dr Pepper by 67.2% in the third quarter. Legacy Capital Wealth Partners LLC now owns 14,405 shares of the company’s stock valued at $540,000 after purchasing an additional 5,789 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.34 on Monday. The company has a fifty day moving average price of $32.05 and a 200-day moving average price of $33.84. The firm has a market cap of $45.23 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. As a group, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Insider Buying and Selling

In related news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Morgan Stanley boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Finally, Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Six 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

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.