B. Riley Wealth Advisors Inc. Grows Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

B. Riley Wealth Advisors Inc. grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,628 shares of the company’s stock after acquiring an additional 615 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Keurig Dr Pepper were worth $1,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Keurig Dr Pepper by 25.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,426,840 shares of the company’s stock valued at $333,615,000 after buying an additional 1,921,806 shares during the last quarter. TD Asset Management Inc. lifted its stake in Keurig Dr Pepper by 22.7% during the third quarter. TD Asset Management Inc. now owns 565,187 shares of the company’s stock worth $20,415,000 after purchasing an additional 104,498 shares during the last quarter. Wahed Invest LLC lifted its stake in Keurig Dr Pepper by 11.6% during the second quarter. Wahed Invest LLC now owns 9,173 shares of the company’s stock worth $325,000 after purchasing an additional 950 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Keurig Dr Pepper by 18.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 64,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 9,951 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Keurig Dr Pepper during the second quarter worth $429,000. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $34.86 on Friday. The firm has a market capitalization of $49.03 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.90 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.47. Keurig Dr Pepper Inc. has a one year low of $33.35 and a one year high of $41.31. The stock’s fifty day moving average is $35.14 and its 200-day moving average is $36.62.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $3.80 billion for 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%. Keurig Dr Pepper’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.78 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 30th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.21%.

Insider Activity

In related news, CEO Robert James Gamgort sold 125,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $36.03, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Robert James Gamgort sold 125,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $36.03, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anthony Shoemaker purchased 5,297 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was bought at an average price of $34.82 per share, with a total value of $184,441.54. Following the transaction, the insider now directly owns 62,297 shares in the company, valued at $2,169,181.54. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 74,797 shares of company stock valued at $2,609,558 and have sold 30,127,700 shares valued at $1,037,197,872. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KDP. Wells Fargo & Company reduced their price objective 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 objective 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 reduced their price objective 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. Deutsche Bank Aktiengesellschaft raised their price objective on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, December 6th. Finally, Citigroup assumed coverage on Keurig Dr Pepper in a research note on Thursday, February 16th. They issued a “neutral” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.67.

Keurig Dr Pepper Profile

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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.