Bleakley Financial Group LLC Acquires 752 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bleakley Financial Group LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,028 shares of the company’s stock after buying an additional 752 shares during the period. Bleakley Financial Group LLC’s holdings in Keurig Dr Pepper were worth $301,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its holdings in shares of Keurig Dr Pepper by 973.8% during the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after purchasing an additional 818 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $34,000. Bruce G. Allen Investments LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at $34,000. Finally, First Manhattan Co. acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at $50,000. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada decreased 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 decreased 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. Morgan Stanley decreased their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. HSBC assumed coverage on Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 price target on the stock. Finally, Barclays boosted their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.43 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The firm has a market cap of $42.22 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.30 and a beta of 0.66. The business’s fifty day moving average is $30.27 and its two-hundred day moving average is $31.01. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last released its 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. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.83%. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, with a total value of $4,999,991.10. Following 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 disclosure for this purchase can be found here. Insiders sold a total of 100,012,132 shares of company stock worth $2,890,354,861 over the last 90 days. 0.81% of the stock is owned by insiders.

About Keurig Dr Pepper

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.