SVB Wealth LLC Takes $227,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

SVB Wealth LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,799 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Keurig Dr Pepper during the third quarter worth $25,000. Geneos Wealth Management Inc. boosted its stake in Keurig Dr Pepper by 973.8% during the third quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after acquiring an additional 818 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth $29,000. Bruce G. Allen Investments LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth $34,000. Finally, Ulland Investment Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth $50,000. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KDP. Wedbush dropped their price objective on shares of 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 raised 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. Morgan Stanley dropped their price objective on shares of 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. Royal Bank of Canada dropped their price objective on shares of 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. 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 for the company 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.45.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $31.76 on Tuesday. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.99. The firm has a 50-day moving average of $30.26 and a 200-day moving average of $31.01. 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 company has a market cap of $44.07 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.40 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (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 business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities research 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 disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued 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 2.71%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Insider Buying and Selling

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

Keurig Dr Pepper 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.