Erste Asset Management GmbH Takes $6.07 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Erste Asset Management GmbH bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 162,100 shares of the company's stock, valued at approximately $6,066,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at $221,000. Cetera Investment Advisers increased its position in shares of Keurig Dr Pepper by 127.7% in the 1st quarter. Cetera Investment Advisers now owns 221,134 shares of the company's stock worth $6,782,000 after purchasing an additional 124,022 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Keurig Dr Pepper by 823.3% in the 1st quarter. Cetera Advisors LLC now owns 101,758 shares of the company's stock worth $3,121,000 after purchasing an additional 90,737 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Keurig Dr Pepper by 122.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,367 shares of the company's stock valued at $46,000 after buying an additional 753 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Keurig Dr Pepper by 210.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock valued at $44,000 after buying an additional 894 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.16 on Tuesday, hitting $32.38. 7,430,544 shares of the company's stock traded hands, compared to its average volume of 9,261,455. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The stock has a market cap of $43.92 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 2.51 and a beta of 0.61. The stock has a fifty day moving average of $34.50 and a 200-day moving average of $34.65. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

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 for the quarter, hitting the consensus estimate of $0.51. The firm 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 company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.23 dividend. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

KDP has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, October 25th. TD Cowen upped their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, September 26th. Citigroup decreased their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Evercore ISI raised shares of Keurig Dr Pepper to a "hold" rating in a research note on Thursday, September 5th. Finally, Barclays reduced their price target on shares of 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.36.

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.