Empirical Finance LLC Has $696,000 Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Empirical Finance LLC lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.4% during the third quarter, Holdings Channel reports. The fund owned 18,569 shares of the company’s stock after buying an additional 1,433 shares during the quarter. Empirical Finance LLC’s holdings in Keurig Dr Pepper were worth $696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KDP. Empowered Funds LLC raised its holdings in shares of Keurig Dr Pepper by 34.6% during the first quarter. Empowered Funds LLC now owns 13,247 shares of the company’s stock valued at $406,000 after purchasing an additional 3,404 shares during the period. Vanguard Group Inc. increased its position in Keurig Dr Pepper by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after buying an additional 7,825,418 shares in the last quarter. Cynosure Group LLC bought a new stake in Keurig Dr Pepper in the 1st quarter valued at about $330,000. Bahl & Gaynor Inc. raised its stake in Keurig Dr Pepper by 1.6% during the 1st quarter. Bahl & Gaynor Inc. now owns 5,030,689 shares of the company’s stock worth $154,291,000 after buying an additional 77,460 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in Keurig Dr Pepper by 38.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock valued at $483,000 after acquiring an additional 4,351 shares during the period. 85.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Finally, Barclays lowered their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper Stock Down 5.2 %

Shares of NASDAQ:KDP opened at $31.66 on Friday. The company has a market capitalization of $42.95 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business has a fifty day moving average price of $35.73 and a two-hundred day moving average price of $34.77.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was 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. The trade was a 24.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

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.