PDS Planning Inc Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

PDS Planning Inc boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,469 shares of the company’s stock after purchasing an additional 415 shares during the period. PDS Planning Inc’s holdings in Keurig Dr Pepper were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KDP. FMR LLC raised its position in shares of Keurig Dr Pepper by 9.8% in the 3rd 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 in the last quarter. State Street Corp raised its holdings in Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after acquiring an additional 4,970,467 shares in the last quarter. Geode Capital Management LLC boosted its stake in Keurig Dr Pepper by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after acquiring an additional 591,316 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Keurig Dr Pepper by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company’s stock worth $488,463,000 after acquiring an additional 59,464 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Keurig Dr Pepper by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 7,304,769 shares of the company’s stock worth $234,629,000 after purchasing an additional 342,715 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Piper Sandler started coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective on the stock. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares of the company’s stock, valued at approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Down 0.4 %

NASDAQ:KDP opened at $33.47 on Thursday. Keurig Dr Pepper Inc. has a 1 year low of $29.29 and a 1 year high of $38.28. The business has a fifty day moving average of $32.33 and a 200-day moving average of $33.70. 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 stock has a market cap of $45.41 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.75%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

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.