Harel Insurance Investments & Financial Services Ltd. Makes New $51,000 Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 1,353 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. HNP Capital LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $205,000. National Asset Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 27.3% in the 1st quarter. National Asset Management Inc. now owns 54,074 shares of the company’s stock valued at $2,050,000 after buying an additional 11,589 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Keurig Dr Pepper by 173.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 10,674 shares of the company’s stock valued at $405,000 after buying an additional 6,772 shares during the period. Regentatlantic Capital LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $436,000. Finally, Signaturefd LLC boosted its holdings in shares of Keurig Dr Pepper by 25.2% in the 1st quarter. Signaturefd LLC now owns 8,324 shares of the company’s stock valued at $315,000 after buying an additional 1,678 shares during the period. 50.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on KDP shares. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $44.00 to $42.00 in a research report on Wednesday, July 20th. UBS Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $38.00 in a research report on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.67.

Keurig Dr Pepper Stock Up 0.9 %

KDP stock opened at $36.76 on Tuesday. Keurig Dr Pepper Inc. has a 52 week low of $32.44 and a 52 week high of $39.35. The company has a market capitalization of $52.15 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.59. The firm’s 50-day moving average is $35.56 and its two-hundred day moving average is $37.01. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. Keurig Dr Pepper had a net margin of 18.71% and a return on equity of 9.22%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm earned $0.34 EPS. Keurig Dr Pepper’s revenue was up 6.1% on a year-over-year basis. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, June 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.04%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 44.64%.

Insiders Place Their Bets

In other news, Director Robert S. Singer sold 10,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $36.47, for a total value of $364,700.00. Following the transaction, the director now owns 30,501 shares of the company’s stock, valued at approximately $1,112,371.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert S. Singer sold 10,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $36.47, for a total value of $364,700.00. Following the transaction, the director now owns 30,501 shares of the company’s stock, valued at approximately $1,112,371.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maurice Anthony Milikin acquired 12,979 shares of the stock in a transaction dated Monday, July 18th. The stock was acquired at an average cost of $36.36 per share, for a total transaction of $471,916.44. Following the purchase, the insider now directly owns 51,916 shares in the company, valued at $1,887,665.76. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 57,416 shares of company stock worth $2,067,891 and have sold 55,775 shares worth $2,010,206. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Profile

(Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

Further Reading

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

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