Mather Group LLC. Takes $327,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mather Group LLC. acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,133 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds have also made changes to their positions in KDP. American Century Companies Inc. increased its holdings in shares of Keurig Dr Pepper by 14.1% in the 1st quarter. American Century Companies Inc. now owns 16,908 shares of the company’s stock valued at $641,000 after acquiring an additional 2,093 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Keurig Dr Pepper by 18.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company’s stock worth $812,000 after buying an additional 3,263 shares during the last quarter. Private Advisor Group LLC grew its stake in Keurig Dr Pepper by 11.9% during the 1st quarter. Private Advisor Group LLC now owns 15,904 shares of the company’s stock worth $603,000 after buying an additional 1,697 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Keurig Dr Pepper during the 1st quarter worth approximately $530,000. Finally, Yousif Capital Management LLC grew its stake in Keurig Dr Pepper by 11.6% during the 1st quarter. Yousif Capital Management LLC now owns 16,053 shares of the company’s stock worth $608,000 after buying an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup assumed coverage on Keurig Dr Pepper in a research note on Thursday, February 16th. They set a “neutral” rating and a $37.00 price target on the stock. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 3rd. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 26th. Barclays dropped their price target on Keurig Dr Pepper from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.67.

Insider Activity

In other Keurig Dr Pepper news, CFO Sudhanshu Shekhar Priyadarshi purchased 10,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 18th. The stock was acquired at an average cost of $35.00 per share, with a total value of $350,000.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $350,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Sudhanshu Shekhar Priyadarshi acquired 10,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 18th. The stock was purchased at an average cost of $35.00 per share, with a total value of $350,000.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $350,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert James Gamgort sold 125,000 shares of Keurig Dr Pepper stock in a transaction on Friday, January 6th. The stock was sold at an average price of $36.03, for a total value of $4,503,750.00. Following the transaction, the chief executive officer now directly owns 3,303,186 shares of the company’s stock, valued at $119,013,791.58. The disclosure for this sale can be found here. In the last three months, insiders acquired 69,500 shares of company stock valued at $2,425,116 and sold 30,127,700 shares valued at $1,037,197,872. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 1.1 %

Shares of KDP stock opened at $34.63 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $35.19 and its two-hundred day moving average is $36.65. The company has a market capitalization of $48.71 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 2.88 and a beta of 0.57. Keurig Dr Pepper Inc. has a twelve month low of $33.35 and a twelve month high of $41.31.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. Keurig Dr Pepper had a net margin of 10.22% and a return on equity of 9.48%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.78 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.31%. Keurig Dr Pepper’s dividend payout ratio is currently 79.21%.

About Keurig Dr Pepper

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.