Pitcairn Co. Has $1.94 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Pitcairn Co. grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 46.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,664 shares of the company’s stock after buying an additional 16,469 shares during the quarter. Pitcairn Co.’s holdings in Keurig Dr Pepper were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in Keurig Dr Pepper by 13.7% during the third quarter. Cerity Partners LLC now owns 142,822 shares of the company’s stock worth $5,353,000 after buying an additional 17,172 shares during the last quarter. Raymond James Trust N.A. grew its stake in Keurig Dr Pepper by 4.6% during the third quarter. Raymond James Trust N.A. now owns 18,082 shares of the company’s stock worth $678,000 after buying an additional 798 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Keurig Dr Pepper by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,007,549 shares of the company’s stock worth $225,163,000 after buying an additional 150,202 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Keurig Dr Pepper by 23.5% during the third quarter. Pacer Advisors Inc. now owns 264,613 shares of the company’s stock valued at $9,918,000 after purchasing an additional 50,401 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Keurig Dr Pepper by 212.8% during the third quarter. Intech Investment Management LLC now owns 115,754 shares of the company’s stock valued at $4,338,000 after purchasing an additional 78,752 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Trading Up 1.3 %

KDP opened at $32.66 on Friday. The firm’s fifty day moving average is $35.20 and its two-hundred day moving average is $34.71. 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 firm has a market cap of $44.30 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued 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 annualized dividend and a yield of 2.82%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KDP. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. TD Cowen increased their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada increased their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $38.36.

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.