Arvest Bank Trust Division Acquires New Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Arvest Bank Trust Division acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 49,582 shares of the company's stock, valued at approximately $1,858,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB lifted its stake in shares of Keurig Dr Pepper by 57.7% in the 3rd quarter. Swedbank AB now owns 733,823 shares of the company's stock valued at $27,504,000 after purchasing an additional 268,555 shares during the last quarter. Pathstone Holdings LLC raised its holdings in Keurig Dr Pepper by 0.7% during the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock valued at $122,038,000 after buying an additional 22,657 shares in the last quarter. LMR Partners LLP lifted its position in shares of Keurig Dr Pepper by 55.5% in the third quarter. LMR Partners LLP now owns 521,000 shares of the company's stock worth $19,527,000 after buying an additional 186,002 shares during the last quarter. Curi RMB Capital LLC boosted its stake in shares of Keurig Dr Pepper by 9.4% during the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock worth $23,539,000 after acquiring an additional 54,167 shares in the last quarter. Finally, Qsemble Capital Management LP increased its holdings in shares of Keurig Dr Pepper by 428.0% during the 3rd quarter. Qsemble Capital Management LP now owns 59,618 shares of the company's stock valued at $2,234,000 after acquiring an additional 48,326 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KDP shares. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the company from $37.00 to $39.00 in a research note on Thursday. Evercore ISI raised shares of Keurig Dr Pepper to a "hold" rating in a research report on Thursday, September 5th. Finally, Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Insiders Place Their Bets

In related 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 value of $2,252,850,000.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP traded up $0.55 on Thursday, hitting $33.81. 7,998,006 shares of the stock traded hands, compared to its average volume of 9,250,455. The business has a fifty day moving average price of $33.99 and a two-hundred day moving average price of $34.61. 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 firm has a market capitalization of $45.86 billion, a PE ratio of 20.16, a P/E/G ratio of 2.53 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper's payout ratio is presently 55.76%.

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.