222,186 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Purchased by Atom Investors LP

Atom Investors LP acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 222,186 shares of the company’s stock, valued at approximately $8,328,000. Keurig Dr Pepper makes up approximately 0.9% of Atom Investors LP’s holdings, making the stock its 19th biggest position.

Other hedge funds have also modified their holdings of the company. Swedbank AB grew its holdings in shares of Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after buying an additional 268,555 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock worth $122,038,000 after purchasing an additional 22,657 shares during the last quarter. LMR Partners LLP raised its holdings in Keurig Dr Pepper by 55.5% in the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after acquiring an additional 186,002 shares in the last quarter. Curi RMB Capital LLC raised its holdings in Keurig Dr Pepper by 9.4% in the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock valued at $23,539,000 after acquiring an additional 54,167 shares in the last quarter. Finally, TCW Group Inc. raised its holdings in Keurig Dr Pepper by 5.9% in the 2nd quarter. TCW Group Inc. now owns 391,379 shares of the company’s stock valued at $13,072,000 after acquiring an additional 21,726 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s 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 sale, the insider now 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Citigroup dropped their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Jefferies Financial Group decreased 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, Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Keurig Dr Pepper Trading Up 0.2 %

Shares of KDP stock opened at $32.65 on Monday. The firm has a market capitalization of $44.29 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.52 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. 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’s fifty day simple moving average is $34.72 and its 200 day simple moving average is $34.67.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

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

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.