First Citizens Bank & Trust Co. Invests $481,000 in Keurig Dr Pepper Inc (KDP) Stock

First Citizens Bank & Trust Co. bought a new stake in Keurig Dr Pepper Inc (NYSE:KDP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,206 shares of the company’s stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Wells Fargo & Company MN bought a new stake in Keurig Dr Pepper in the third quarter valued at about $3,815,000. SG Americas Securities LLC bought a new stake in Keurig Dr Pepper in the third quarter valued at about $441,000. JPMorgan Chase & Co. bought a new stake in Keurig Dr Pepper in the third quarter valued at about $135,460,000. Prudential Financial Inc. bought a new stake in Keurig Dr Pepper in the third quarter valued at about $226,000. Finally, Alliancebernstein L.P. bought a new stake in Keurig Dr Pepper in the third quarter valued at about $2,402,000. 12.88% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Olivier Goudet bought 20,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, March 1st. The shares were bought at an average cost of $25.43 per share, for a total transaction of $508,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Andrew Loucks bought 6,250 shares of Keurig Dr Pepper stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $27.34 per share, for a total transaction of $170,875.00. The disclosure for this purchase can be found here. Insiders have acquired 46,285 shares of company stock worth $1,199,274 over the last ninety days. Insiders own 0.58% of the company’s stock.



A number of research firms recently weighed in on KDP. Morgan Stanley began coverage on shares of Keurig Dr Pepper in a research note on Friday, December 21st. They issued an “equal weight” rating and a $27.00 target price on the stock. ValuEngine raised shares of Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and set a $26.35 target price on the stock in a research note on Tuesday, January 8th. Zacks Investment Research raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, January 2nd. Finally, Barclays reissued a “buy” rating and issued a $31.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.41.

Shares of Keurig Dr Pepper stock opened at $26.51 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.27 and a debt-to-equity ratio of 0.64. The stock has a market cap of $37.80 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.46 and a beta of 0.46. Keurig Dr Pepper Inc has a 1-year low of $20.46 and a 1-year high of $124.36.

Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Keurig Dr Pepper had a net margin of 9.53% and a return on equity of 11.13%. As a group, equities analysts anticipate that Keurig Dr Pepper Inc will post 1.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, April 4th. This represents a $0.60 annualized dividend and a yield of 2.26%. Keurig Dr Pepper’s dividend payout ratio is 57.69%.

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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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Institutional Ownership by Quarter for Keurig Dr Pepper (NYSE:KDP)

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