United Capital Financial Advisors LLC Has $512,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

United Capital Financial Advisors LLC boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,956 shares of the company’s stock after purchasing an additional 2,294 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Keurig Dr Pepper were worth $512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Keurig Dr Pepper by 65.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock worth $681,579,000 after purchasing an additional 8,363,192 shares during the last quarter. Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $197,819,000. Wellington Management Group LLP increased its holdings in Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after purchasing an additional 5,646,179 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Keurig Dr Pepper by 32.3% in the fourth quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company’s stock valued at $600,189,000 after buying an additional 4,562,128 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $35.41 on Monday. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market cap of $48.04 billion, a P/E ratio of 21.46, a PEG ratio of 2.42 and a beta of 0.54. The business’s 50-day moving average price is $33.82 and its two-hundred day moving average price is $33.23.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s payout ratio is presently 87.62%.

Insiders Place Their Bets

In other news, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the transaction, the insider now directly owns 187,537 shares of the company’s stock, valued at approximately $6,385,634.85. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,421,350 shares of company stock valued at $2,757,137,010 over the last three months. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KDP. UBS Group lifted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $39.21.

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.