Valeo Financial Advisors LLC Invests $215,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Valeo Financial Advisors LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 6,438 shares of the company’s stock, valued at approximately $215,000.

A number of other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $25,000. Geneos Wealth Management Inc. boosted its position in Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after buying an additional 818 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $29,000. Bruce G. Allen Investments LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $34,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $34,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. HSBC assumed coverage on shares of Keurig Dr Pepper in a report on Friday, December 22nd. They issued a “hold” rating and a $37.00 price target for the company. Royal Bank of Canada reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wedbush reduced their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Morgan Stanley reduced their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.45.

Keurig Dr Pepper Trading Up 0.0 %

NASDAQ KDP opened at $30.44 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. The firm has a market cap of $42.24 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. The company has a 50 day moving average price of $30.26 and a 200 day moving average price of $31.00. 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 issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. 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 prior year, the business posted $0.50 EPS. Keurig Dr Pepper’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling at Keurig Dr Pepper

In related news, CEO Robert James Gamgort purchased 171,821 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the sale, the insider now directly owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is owned by corporate 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.