Janney Montgomery Scott LLC Grows Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Janney Montgomery Scott LLC raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,709 shares of the company’s stock after buying an additional 2,723 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Keurig Dr Pepper were worth $2,569,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KDP. Vanguard Group Inc. increased its holdings in shares of Keurig Dr Pepper by 8.5% during the first quarter. Vanguard Group Inc. now owns 49,026,596 shares of the company’s stock valued at $1,858,108,000 after acquiring an additional 3,853,922 shares in the last quarter. FMR LLC increased its holdings in shares of Keurig Dr Pepper by 22.2% during the second quarter. FMR LLC now owns 42,626,742 shares of the company’s stock valued at $1,508,560,000 after acquiring an additional 7,736,174 shares in the last quarter. State Street Corp increased its holdings in Keurig Dr Pepper by 105.5% in the 2nd quarter. State Street Corp now owns 31,707,918 shares of the company’s stock worth $1,128,015,000 after buying an additional 16,279,787 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Keurig Dr Pepper by 3.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,915,143 shares of the company’s stock worth $386,285,000 after buying an additional 393,437 shares during the period. Finally, Northern Trust Corp increased its holdings in Keurig Dr Pepper by 57.9% in the 2nd quarter. Northern Trust Corp now owns 9,648,550 shares of the company’s stock worth $341,462,000 after buying an additional 3,536,842 shares during the period. 52.29% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 0.6 %

Shares of NASDAQ:KDP opened at $35.57 on Friday. Keurig Dr Pepper Inc. has a 1 year low of $33.35 and a 1 year high of $41.31. The firm has a market capitalization of $50.38 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.60 and a quick ratio of 0.40. The business’s 50 day moving average price is $37.03 and its 200-day moving average price is $37.68.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last announced its earnings results on Thursday, October 27th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Keurig Dr Pepper had a return on equity of 9.20% and a net margin of 13.38%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.63 billion. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, January 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%. Keurig Dr Pepper’s payout ratio is currently 62.50%.

Analyst Ratings Changes

KDP has been the topic of several research reports. Barclays increased their price target on shares of Keurig Dr Pepper from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, October 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, December 6th. Wells Fargo & Company cut their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 3rd. The Goldman Sachs Group cut shares of Keurig Dr Pepper from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $39.00 to $37.00 in a research note on Tuesday, September 27th. Finally, Truist Financial cut shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $40.00 to $30.00 in a research note on Monday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.63.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, CEO Robert James Gamgort sold 125,000 shares of the firm’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $36.03, for a total value of $4,503,750.00. Following the transaction, the chief executive officer now owns 3,303,186 shares in the company, valued at approximately $119,013,791.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Company Profile

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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.

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

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