Principal Securities Inc. Makes New $72,000 Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Principal Securities Inc. bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,147 shares of the company’s stock, valued at approximately $72,000.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Keurig Dr Pepper by 7.2% in the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after buying an additional 5,490,242 shares during the last quarter. FMR LLC lifted its stake in shares of Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after buying an additional 6,926,582 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Keurig Dr Pepper by 2.3% in the third quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after buying an additional 953,639 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Keurig Dr Pepper by 11.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after buying an additional 1,518,286 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Keurig Dr Pepper by 1.0% in the third quarter. Invesco Ltd. now owns 14,774,908 shares of the company’s stock worth $466,444,000 after buying an additional 151,368 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total value of $580,871.87. Following the sale, the insider now owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the sale, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick Minogue sold 17,293 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now directly owns 67,103 shares in the company, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,085,652 shares of company stock valued at $2,892,832,080. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Up 0.9 %

Shares of KDP stock opened at $34.27 on Thursday. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $34.65. The stock has a market cap of $46.46 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. The firm has a fifty day moving average of $31.88 and a 200-day moving average of $31.66.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the prior year, the company posted $0.34 EPS. The business’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s payout ratio is 55.48%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. TD Cowen upped their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Jefferies Financial Group cut 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 research note on Wednesday, March 27th. Wedbush cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Finally, Barclays upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.64.

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.