Wealth Alliance Increases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wealth Alliance grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,264 shares of the company’s stock after buying an additional 966 shares during the period. Wealth Alliance’s holdings in Keurig Dr Pepper were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 973.8% during the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after acquiring an additional 818 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $34,000. Finally, Resurgent Financial Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $34,000. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.8 %

Keurig Dr Pepper stock opened at $31.13 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.99. The firm has a market capitalization of $43.20 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 2.32 and a beta of 0.66. The firm has a 50 day moving average of $30.24 and a 200 day moving average of $31.00.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.50 EPS. As a group, research analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Insider Buying and Selling

In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction on Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the sale, the insider now directly owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now owns 218,566 shares in the company, valued at $6,360,270.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wedbush cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Royal Bank of Canada dropped their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. HSBC initiated coverage on shares of Keurig Dr Pepper in a research report on Friday, December 22nd. They set a “hold” rating and a $37.00 price target for the company. Finally, Barclays raised their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.45.

Keurig Dr Pepper Company 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.