Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,028 shares of the company’s stock after acquiring an additional 752 shares during the quarter. Bleakley Financial Group LLC’s holdings in Keurig Dr Pepper were worth $301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Advisory Services Inc. increased its position in Keurig Dr Pepper by 31.9% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,532 shares of the company’s stock worth $318,000 after purchasing an additional 2,305 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Keurig Dr Pepper by 86.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 93,989 shares of the company’s stock worth $3,132,000 after purchasing an additional 43,515 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $3,616,000. Arvest Investments Inc. acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $1,612,000. Finally, Asset Management One Co. Ltd. increased its position in Keurig Dr Pepper by 7.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 570,689 shares of the company’s stock worth $19,032,000 after purchasing an additional 41,110 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost 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 approximately $92,535,584.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost 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 approximately $92,535,584.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 over the last ninety days. 0.81% of the stock is owned by insiders.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $30.43 on Tuesday. The stock has a market cap of $42.22 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $30.27 and a 200-day moving average of $31.01. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. On average, analysts expect 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. Stockholders of record on Friday, March 29th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday. HSBC assumed coverage on Keurig Dr Pepper in a report on Friday, December 22nd. They issued a “hold” rating and a $37.00 price target for the company. Wedbush decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Royal Bank of Canada decreased their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, Morgan Stanley decreased their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

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.