Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 77.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,941 shares of the company’s stock after purchasing an additional 24,034 shares during the period. Captrust Financial Advisors’ holdings in Keurig Dr Pepper were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Keurig Dr Pepper by 210.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $44,000 after buying an additional 894 shares during the period. Mather Group LLC. lifted its holdings in Keurig Dr Pepper by 29.0% in the second quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock valued at $53,000 after acquiring an additional 392 shares during the period. CWM LLC boosted its position in Keurig Dr Pepper by 28.8% in the 2nd quarter. CWM LLC now owns 25,324 shares of the company’s stock worth $846,000 after purchasing an additional 5,668 shares in the last quarter. Simplicity Wealth LLC grew its stake in shares of Keurig Dr Pepper by 14.7% during the 2nd quarter. Simplicity Wealth LLC now owns 8,972 shares of the company’s stock worth $300,000 after purchasing an additional 1,147 shares during the period. Finally, CX Institutional increased its holdings in shares of Keurig Dr Pepper by 13.3% during the 2nd quarter. CX Institutional now owns 7,846 shares of the company’s stock valued at $262,000 after purchasing an additional 919 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 1.1 %

Shares of NASDAQ KDP opened at $32.98 on Friday. The business’s fifty day simple moving average is $34.31 and its 200-day simple moving average is $34.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The stock has a market cap of $44.74 billion, a P/E ratio of 19.99, a PEG ratio of 2.50 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. As a group, equities 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. Stockholders of record on Friday, September 27th were issued a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KDP. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Barclays dropped 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. Royal Bank of Canada increased their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. TD Cowen boosted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $38.36.

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.