Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,007,549 shares of the company’s stock after acquiring an additional 150,202 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.44% of Keurig Dr Pepper worth $225,163,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its holdings in Keurig Dr Pepper by 38.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock worth $483,000 after acquiring an additional 4,351 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Keurig Dr Pepper by 13.0% in the 1st quarter. 1832 Asset Management L.P. now owns 77,011 shares of the company’s stock worth $2,362,000 after acquiring an additional 8,873 shares during the period. Mount Yale Investment Advisors LLC lifted its position in Keurig Dr Pepper by 163.6% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 73,097 shares of the company’s stock valued at $2,242,000 after purchasing an additional 45,362 shares during the last quarter. Blackstone Inc. bought a new position in Keurig Dr Pepper in the 1st quarter worth about $19,936,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at approximately $224,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $32.66 on Friday. The firm has a market cap of $44.30 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63. The stock’s 50-day moving average is $35.20 and its two-hundred day moving average is $34.71. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. 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 (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.82%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Royal Bank of Canada raised their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Barclays cut their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group dropped their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.36.

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.