International Assets Investment Management LLC Invests $3.62 Million in Keurig Dr Pepper Inc. (NASDAQ:KDP)

International Assets Investment Management LLC bought a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 108,523 shares of the company’s stock, valued at approximately $3,616,000.

Several other large investors have also recently bought and sold shares of KDP. Moneta Group Investment Advisors LLC raised its stake in Keurig Dr Pepper by 99,740.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after purchasing an additional 324,589,570 shares during the last quarter. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $276,547,000. FMR LLC raised its stake in shares of Keurig Dr Pepper by 12.9% in the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after buying an additional 6,926,582 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after buying an additional 5,490,242 shares in the last quarter. Finally, Phoenix Holdings Ltd. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $62,524,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 1.4 %

Shares of NASDAQ:KDP opened at $30.88 on Thursday. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.99. The company’s 50-day moving average price is $30.25 and its two-hundred day moving average price is $31.00. 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 $42.85 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.31 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping 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 firm 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 firm earned $0.50 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given 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 2.78%. Keurig Dr Pepper’s payout ratio is presently 55.48%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. HSBC assumed coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 price objective for the company. Royal Bank of Canada lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Wedbush lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Finally, Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $36.45.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the transaction, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Company insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Company Profile

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.