Mindset Wealth Management LLC Purchases 2,961 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mindset Wealth Management LLC raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,934 shares of the company’s stock after acquiring an additional 2,961 shares during the quarter. Mindset Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $672,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in Keurig Dr Pepper by 9.8% in the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after purchasing an additional 9,105,164 shares in the last quarter. State Street Corp lifted its stake in shares of Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after acquiring an additional 4,970,467 shares during the period. National Bank of Canada FI lifted its stake in Keurig Dr Pepper by 394.3% in the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after buying an additional 1,956,138 shares during the period. Raymond James Financial Inc. acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $57,995,000. Finally, OFI Invest Asset Management acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $38,629,000. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KDP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target for the company. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $33.43 on Friday. The stock has a 50 day moving average price of $32.37 and a 200 day moving average price of $33.70. Keurig Dr Pepper Inc. has a 52 week low of $29.53 and a 52 week high of $38.28. 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 $45.36 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the firm posted $0.55 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.75%. Keurig Dr Pepper’s payout ratio is currently 87.62%.

About Keurig Dr Pepper

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.