True Vision MN LLC Increases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

True Vision MN LLC raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,164 shares of the company’s stock after purchasing an additional 2,579 shares during the quarter. True Vision MN LLC’s holdings in Keurig Dr Pepper were worth $534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KDP. FMR LLC boosted its stake in shares of Keurig Dr Pepper by 9.8% in the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Keurig Dr Pepper by 5.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after buying an additional 730,297 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Keurig Dr Pepper by 2.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock valued at $445,648,000 after acquiring an additional 317,837 shares in the last quarter. Legal & General Group Plc increased its position in shares of Keurig Dr Pepper by 6.5% during the second quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock worth $333,057,000 after acquiring an additional 609,857 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Keurig Dr Pepper by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 7,130,632 shares of the company’s stock worth $238,163,000 after acquiring an additional 171,036 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on KDP. Deutsche Bank Aktiengesellschaft lifted their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company reduced their price objective on shares of 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. Royal Bank of Canada boosted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Citigroup reduced their price target on shares of 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

Insider Activity

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’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 completion of the sale, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded down $0.08 on Wednesday, reaching $32.57. 269,289 shares of the company were exchanged, compared to its average volume of 9,249,492. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The firm has a market cap of $44.18 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company’s 50-day moving average is $35.01 and its two-hundred day moving average is $34.70.

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

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.23 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.82%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

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.