Fulcrum Capital LLC Grows Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fulcrum Capital LLC raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,457 shares of the company’s stock after buying an additional 1,062 shares during the period. Fulcrum Capital LLC’s holdings in Keurig Dr Pepper were worth $240,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Czech National Bank increased its holdings in Keurig Dr Pepper by 13.3% in the fourth quarter. Czech National Bank now owns 244,108 shares of the company’s stock valued at $7,841,000 after buying an additional 28,634 shares during the last quarter. Graypoint LLC lifted its holdings in Keurig Dr Pepper by 19.9% in the fourth quarter. Graypoint LLC now owns 7,450 shares of the company’s stock worth $239,000 after acquiring an additional 1,239 shares during the last quarter. First Hawaiian Bank boosted its stake in Keurig Dr Pepper by 5.2% in the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares during the period. Fulton Bank N.A. grew its holdings in shares of Keurig Dr Pepper by 39.5% during the fourth quarter. Fulton Bank N.A. now owns 49,347 shares of the company’s stock valued at $1,585,000 after purchasing an additional 13,971 shares during the last quarter. Finally, Kings Path Partners LLC boosted its position in Keurig Dr Pepper by 16.4% during the 4th quarter. Kings Path Partners LLC now owns 34,967 shares of the company’s stock valued at $1,123,000 after purchasing an additional 4,938 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 1.4 %

Shares of NASDAQ KDP traded up $0.43 during mid-day trading on Monday, reaching $30.81. The company had a trading volume of 6,755,942 shares, compared to its average volume of 7,242,234. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock’s 50 day moving average is $32.45 and its 200-day moving average is $34.27. The stock has a market capitalization of $41.79 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS 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%. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, January 3rd. Keurig Dr Pepper’s payout ratio is 55.76%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KDP. Royal Bank of Canada lifted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. TD Cowen cut their price objective on shares of 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. Citigroup decreased their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Jefferies Financial Group decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Wells Fargo & Company cut their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.93.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper 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.