HB Wealth Management LLC Buys 9,819 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

HB Wealth Management LLC increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 112.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,546 shares of the company’s stock after acquiring an additional 9,819 shares during the period. HB Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $618,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KDP. Moneta Group Investment Advisors LLC lifted its position in shares of Keurig Dr Pepper by 99,740.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock worth $11,586,469,000 after purchasing an additional 324,589,570 shares during the last quarter. Norges Bank bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $276,547,000. FMR LLC lifted its position 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 purchasing an additional 6,926,582 shares during the last quarter. Vanguard Group Inc. lifted its position 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 purchasing an additional 5,490,242 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Keurig Dr Pepper by 6.0% during the second quarter. State Street Corp now owns 37,359,724 shares of the company’s stock worth $1,175,611,000 after purchasing an additional 2,104,943 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the sale, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert James Gamgort bought 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the subject of several research analyst reports. Morgan Stanley decreased their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Royal Bank of Canada cut their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Wedbush cut their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Barclays cut their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Finally, HSBC started coverage on Keurig Dr Pepper in a research note on Friday, December 22nd. They set a “hold” rating and a $37.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.64.

Check Out Our Latest Report on Keurig Dr Pepper

Keurig Dr Pepper Price Performance

KDP opened at $30.73 on Wednesday. The business’s 50-day moving average is $30.53 and its two-hundred day moving average is $31.23. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.99. 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 firm has a market capitalization of $42.64 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.26 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.215 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.80%. Keurig Dr Pepper’s payout ratio is 55.48%.

About Keurig Dr Pepper

(Free Report)

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.

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

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