Atom Investors LP Purchases Shares of 222,186 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Atom Investors LP acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 222,186 shares of the company's stock, valued at approximately $8,328,000. Keurig Dr Pepper comprises approximately 0.9% of Atom Investors LP's holdings, making the stock its 19th largest position.

A number of other hedge funds have also recently made changes to their positions in the business. Swedbank AB grew its holdings in Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company's stock worth $27,504,000 after buying an additional 268,555 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock worth $122,038,000 after acquiring an additional 22,657 shares during the last quarter. LMR Partners LLP grew its stake in shares of Keurig Dr Pepper by 55.5% in the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company's stock worth $19,527,000 after acquiring an additional 186,002 shares in the last quarter. Curi RMB Capital LLC raised its holdings in shares of Keurig Dr Pepper by 9.4% in the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock valued at $23,539,000 after purchasing an additional 54,167 shares during the last quarter. Finally, TCW Group Inc. lifted its position in shares of Keurig Dr Pepper by 5.9% during the second quarter. TCW Group Inc. now owns 391,379 shares of the company's stock valued at $13,072,000 after purchasing an additional 21,726 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. 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 report on Thursday, September 26th. JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Evercore ISI raised Keurig Dr Pepper to a "hold" rating in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.36.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company'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 sale, the insider now owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.11 during midday trading on Monday, hitting $32.54. The company's stock had a trading volume of 10,134,539 shares, compared to its average volume of 9,243,479. The firm has a market capitalization of $44.14 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 2.52 and a beta of 0.63. 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 has a fifty day moving average price of $34.72 and a 200 day moving average price of $34.67. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year 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, meeting analysts' consensus estimates of $0.51. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. This is a boost from Keurig Dr Pepper's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.83%. Keurig Dr Pepper's dividend payout ratio is 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.