LMR Partners LLP Buys 186,002 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

LMR Partners LLP boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 55.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 521,000 shares of the company’s stock after buying an additional 186,002 shares during the quarter. LMR Partners LLP’s holdings in Keurig Dr Pepper were worth $19,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clarkston Capital Partners LLC raised its holdings in shares of Keurig Dr Pepper by 0.3% during the third quarter. Clarkston Capital Partners LLC now owns 588,802 shares of the company’s stock valued at $22,068,000 after acquiring an additional 1,481 shares in the last quarter. Swiss National Bank boosted its stake in Keurig Dr Pepper by 0.5% during the third quarter. Swiss National Bank now owns 3,219,000 shares of the company’s stock worth $120,648,000 after acquiring an additional 15,200 shares in the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $755,000. RIA Advisory Group LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth $216,000. Finally, Natixis Advisors LLC grew its position in Keurig Dr Pepper by 18.7% during the 3rd quarter. Natixis Advisors LLC now owns 710,239 shares of the company’s stock valued at $26,620,000 after purchasing an additional 111,892 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $31.66 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market cap of $42.95 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.45 and a beta of 0.63. The firm has a fifty day moving average price of $35.73 and a 200 day moving average price of $34.78. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. As a group, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share 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 dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is 55.76%.

Insider Activity at Keurig Dr Pepper

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

Analysts Set New Price Targets

Several brokerages have commented on KDP. TD Cowen increased their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Citigroup decreased their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Barclays lowered their price objective 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $38.36.

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.