Signaturefd LLC Has $275,000 Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Signaturefd LLC cut its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,260 shares of the company’s stock after selling 2,214 shares during the period. Signaturefd LLC’s holdings in Keurig Dr Pepper were worth $275,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Keurig Dr Pepper by 12.9% during the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after acquiring an additional 6,926,582 shares during the period. Vanguard Group Inc. raised its holdings in shares of Keurig Dr Pepper by 7.2% during the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after acquiring an additional 5,490,242 shares during the period. Barclays PLC raised its holdings in shares of Keurig Dr Pepper by 65.8% during the third quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock worth $137,240,000 after acquiring an additional 1,725,535 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Keurig Dr Pepper by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after acquiring an additional 1,518,286 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Keurig Dr Pepper by 13.4% during the third quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock worth $384,304,000 after acquiring an additional 1,441,007 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the transaction, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s stock in a transaction 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 owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Company insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Down 0.4 %

KDP stock opened at $33.72 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The stock has a market capitalization of $46.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.46 and a beta of 0.66. The business’s fifty day moving average price is $30.41 and its two-hundred day moving average price is $31.08. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday. Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Morgan Stanley lowered their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Royal Bank of Canada dropped their price target on shares of 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.33.

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.