JB Capital LLC Grows Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

JB Capital LLC increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,269 shares of the company’s stock after purchasing an additional 1,903 shares during the period. JB Capital LLC’s holdings in Keurig Dr Pepper were worth $3,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KDP. Janney Montgomery Scott LLC increased its position in shares of Keurig Dr Pepper by 10.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 85,567 shares of the company’s stock valued at $2,624,000 after purchasing an additional 8,192 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Keurig Dr Pepper by 1.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 136,634 shares of the company’s stock valued at $4,191,000 after purchasing an additional 2,037 shares during the last quarter. Texas Permanent School Fund Corp raised its position in Keurig Dr Pepper by 3.6% in the 1st quarter. Texas Permanent School Fund Corp now owns 215,297 shares of the company’s stock worth $6,603,000 after purchasing an additional 7,413 shares during the period. Empirical Finance LLC lifted its stake in Keurig Dr Pepper by 7.6% in the first quarter. Empirical Finance LLC now owns 18,365 shares of the company’s stock worth $563,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Keurig Dr Pepper by 26.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 75,553 shares of the company’s stock worth $2,317,000 after purchasing an additional 15,595 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Stock Up 0.4 %

Shares of KDP traded up $0.12 during mid-day trading on Thursday, hitting $33.10. The company’s stock had a trading volume of 1,130,849 shares, compared to its average volume of 9,166,446. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $36.33 and its 200-day moving average is $34.78. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The firm has a market capitalization of $44.90 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.52 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. Keurig Dr Pepper’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of analyst reports. Wells Fargo & Company cut their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. TD Cowen upped their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada upped their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Barclays reduced their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.36.

About Keurig Dr Pepper

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.