Hamlin Capital Management LLC Increases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Hamlin Capital Management LLC increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,801,457 shares of the company’s stock after buying an additional 484,049 shares during the period. Keurig Dr Pepper comprises 3.0% of Hamlin Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Hamlin Capital Management LLC’s holdings in Keurig Dr Pepper were worth $122,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LaFleur & Godfrey LLC purchased a new position in Keurig Dr Pepper during the fourth quarter worth approximately $806,000. UMB Bank n.a. raised its stake in shares of Keurig Dr Pepper by 17.0% in the 4th quarter. UMB Bank n.a. now owns 4,709 shares of the company’s stock valued at $151,000 after acquiring an additional 684 shares during the period. Liberty One Investment Management LLC grew its holdings in Keurig Dr Pepper by 1.8% during the 4th quarter. Liberty One Investment Management LLC now owns 720,890 shares of the company’s stock valued at $23,155,000 after purchasing an additional 13,077 shares in the last quarter. HB Wealth Management LLC grew its holdings in Keurig Dr Pepper by 23.8% during the 4th quarter. HB Wealth Management LLC now owns 32,090 shares of the company’s stock valued at $1,031,000 after purchasing an additional 6,169 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after purchasing an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.62 on Tuesday. The firm’s 50 day moving average is $32.28 and its 200-day moving average is $34.20. The stock has a market capitalization of $42.89 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.20 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released 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. The business had revenue of $3.89 billion for 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 period last year, the firm posted $0.48 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Analyst Ratings Changes

Several brokerages have weighed in on KDP. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Citigroup decreased their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Jefferies Financial Group decreased 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 report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group cut their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

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 that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

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.