Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 9.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,747,187 shares of the company’s stock after buying an additional 608,662 shares during the period. Bank of New York Mellon Corp owned approximately 0.48% of Keurig Dr Pepper worth $241,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA purchased a new position in shares of Keurig Dr Pepper in the second quarter worth about $26,000. Coston McIsaac & Partners purchased a new position in Keurig Dr Pepper during the second quarter worth about $31,000. Massmutual Trust Co. FSB ADV raised its stake in Keurig Dr Pepper by 193.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,116 shares of the company’s stock worth $40,000 after purchasing an additional 736 shares during the period. Exos TFP Holdings LLC purchased a new position in Keurig Dr Pepper during the third quarter worth about $43,000. Finally, Atlas Capital Advisors LLC raised its stake in Keurig Dr Pepper by 17,085.7% during the third quarter. Atlas Capital Advisors LLC now owns 1,203 shares of the company’s stock worth $43,000 after purchasing an additional 1,196 shares during the period. 52.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KDP has been the topic of a number of analyst reports. Barclays reduced their target price on shares of Keurig Dr Pepper from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Keurig Dr Pepper from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. Citigroup initiated coverage on shares of Keurig Dr Pepper in a research note on Thursday, February 16th. They issued a “neutral” rating and a $37.00 price target on the stock. Finally, Wells Fargo & Company reduced 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 research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.67.

Keurig Dr Pepper Trading Up 0.5 %

Shares of KDP stock opened at $35.10 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.47. The stock has a market capitalization of $49.37 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 2.87 and a beta of 0.57. The company has a 50 day moving average price of $35.17 and a 200 day moving average price of $36.63. Keurig Dr Pepper Inc. has a fifty-two week low of $33.35 and a fifty-two week high of $41.31.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. Keurig Dr Pepper had a net margin of 10.22% and a return on equity of 9.48%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.78 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, March 30th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.21%.

Insiders Place Their Bets

In other news, insider Anthony Shoemaker purchased 5,297 shares of the stock in a transaction on Wednesday, March 15th. The stock was bought at an average price of $34.82 per share, for a total transaction of $184,441.54. Following the acquisition, the insider now directly owns 62,297 shares of the company’s stock, valued at approximately $2,169,181.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Anthony Shoemaker purchased 5,297 shares of the stock in a transaction on Wednesday, March 15th. The stock was bought at an average price of $34.82 per share, for a total transaction of $184,441.54. Following the acquisition, the insider now directly owns 62,297 shares of the company’s stock, valued at approximately $2,169,181.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mondelez International, Inc. sold 30,000,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $34.42, for a total transaction of $1,032,600,000.00. Following the transaction, the director now owns 45,543,005 shares of the company’s stock, valued at approximately $1,567,590,232.10. The disclosure for this sale can be found here. In the last 90 days, insiders bought 74,797 shares of company stock worth $2,609,558 and sold 30,127,700 shares worth $1,037,197,872. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Company Profile

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.