Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 23.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,172 shares of the company’s stock after purchasing an additional 6,147 shares during the period. Commonwealth Equity Services LLC’s holdings in Keurig Dr Pepper were worth $1,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $33,000. Ronald Blue Trust Inc. raised its holdings in Keurig Dr Pepper by 94.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,013 shares of the company’s stock worth $36,000 after acquiring an additional 491 shares during the period. Exos TFP Holdings LLC bought a new position in Keurig Dr Pepper in the 3rd quarter worth $43,000. Atlas Capital Advisors LLC raised its holdings in Keurig Dr Pepper by 17,085.7% in the 3rd quarter. Atlas Capital Advisors LLC now owns 1,203 shares of the company’s stock worth $43,000 after acquiring an additional 1,196 shares during the period. Finally, Altshuler Shaham Ltd bought a new position in Keurig Dr Pepper in the 3rd quarter worth $49,000. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 0.1 %

Shares of KDP stock opened at $31.83 on Monday. The firm has a fifty day moving average of $34.40 and a 200-day moving average of $35.14. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 0.40. Keurig Dr Pepper Inc. has a 12-month low of $31.64 and a 12-month high of $41.31. The company has a market capitalization of $44.68 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 2.67 and a beta of 0.57.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Keurig Dr Pepper had a net margin of 9.20% and a return on equity of 9.52%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.78 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, June 29th. Keurig Dr Pepper’s payout ratio is 86.02%.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 14,000 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $32.39, for a total value of $453,460.00. Following the completion of the sale, the insider now owns 40,878 shares in the company, valued at $1,324,038.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 14,000 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $32.39, for a total value of $453,460.00. Following the completion of the sale, the insider now owns 40,878 shares in the company, valued at $1,324,038.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Maria A. Sceppaguercio-Gever sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $32.88, for a total transaction of $328,800.00. Following the sale, the insider now owns 141,555 shares of the company’s stock, valued at approximately $4,654,328.40. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 75,741 shares of company stock worth $2,620,896 and sold 30,036,700 shares worth $1,033,806,382. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on KDP. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $40.00 to $41.00 in a report on Tuesday, April 18th. Wedbush reduced their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 in a research report on Friday, April 28th. Citigroup assumed coverage on shares of Keurig Dr Pepper in a research report on Thursday, February 16th. They set a “neutral” rating and a $37.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Keurig Dr Pepper from $36.00 to $35.00 in a research report on Friday, April 28th. Finally, StockNews.com upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.56.

Keurig Dr Pepper Company 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.