39,099 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Purchased by Centiva Capital LP

Centiva Capital LP acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 39,099 shares of the company's stock, valued at approximately $1,465,000.

Several other large investors have also modified their holdings of the stock. CX Institutional increased its stake in shares of Keurig Dr Pepper by 3.6% in the third quarter. CX Institutional now owns 8,129 shares of the company's stock worth $305,000 after buying an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Keurig Dr Pepper by 3.6% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company's stock worth $320,000 after buying an additional 300 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after buying an additional 301 shares during the period. Federated Hermes Inc. increased its holdings in shares of Keurig Dr Pepper by 21.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company's stock valued at $59,000 after purchasing an additional 314 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Keurig Dr Pepper by 29.0% in the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company's stock valued at $53,000 after purchasing an additional 392 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP traded up $0.24 on Wednesday, reaching $32.62. 7,851,487 shares of the company's stock traded hands, compared to its average volume of 9,255,430. 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 stock's 50 day simple moving average is $34.40 and its two-hundred day simple moving average is $34.63. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The stock has a market cap of $44.25 billion, a PE ratio of 19.77, a PEG ratio of 2.51 and a beta of 0.61.

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

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.82%. This is an increase from Keurig Dr Pepper's previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.76%.

Insider Activity

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 stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KDP shares. Deutsche Bank Aktiengesellschaft upped their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. TD Cowen upped their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, September 26th. Barclays dropped 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. Royal Bank of Canada raised their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group lowered their target price on 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $38.36.

Keurig Dr Pepper Company 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.