DekaBank Deutsche Girozentrale acquired a new position in Keurig Dr Pepper Inc (NYSE:KDP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,282 shares of the company’s stock, valued at approximately $1,202,000.
Several other hedge funds also recently modified their holdings of KDP. FMR LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $459,135,000. BlackRock Inc. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $173,646,000. JPMorgan Chase & Co. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $135,460,000. Victory Capital Management Inc. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $114,109,000. Finally, First Trust Advisors LP acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $31,485,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.
In other news, Director Robert S. Singer acquired 5,000 shares of the company’s stock in a transaction on Friday, November 9th. The shares were bought at an average cost of $28.35 per share, with a total value of $141,750.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Maria A. Sceppaguercio-Gever acquired 49,638 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was purchased at an average cost of $23.91 per share, for a total transaction of $1,186,844.58. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 93,368 shares of company stock worth $2,370,312. 0.58% of the stock is owned by insiders.
Keurig Dr Pepper (NYSE:KDP) last announced its earnings results on Wednesday, November 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a net margin of 13.55% and a return on equity of 15.76%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 139.6% on a year-over-year basis. On average, research analysts forecast that Keurig Dr Pepper Inc will post 1.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Investors of record on Friday, January 4th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, January 3rd. Keurig Dr Pepper’s payout ratio is currently 13.22%.
KDP has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Keurig Dr Pepper from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Monday, August 20th. Zacks Investment Research downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Citigroup upped their target price on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 13th. Gabelli downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $28.48 target price on the stock. in a research note on Thursday, November 8th. Finally, Macquarie set a $24.00 target price on shares of Keurig Dr Pepper and gave the stock a “hold” rating in a research note on Friday, October 12th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.15.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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