Fiducient Advisors LLC Invests $229,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fiducient Advisors LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,128 shares of the company's stock, valued at approximately $229,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Keurig Dr Pepper by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after purchasing an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock valued at $10,400,000 after acquiring an additional 112,819 shares during the last quarter. Franklin Resources Inc. lifted its position in Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after buying an additional 41,466 shares during the period. Swedbank AB grew its holdings in Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock valued at $23,994,000 after purchasing an additional 13,179 shares during the period. Finally, RWC Asset Management LLP increased its holdings in shares of Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after buying an additional 398,916 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KDP shares. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday. They issued a "buy" rating and a $40.00 price objective on the stock. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Finally, TD Cowen lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $39.21.

Keurig Dr Pepper Stock Up 0.9 %

Keurig Dr Pepper stock traded up $0.30 during mid-day trading on Friday, hitting $35.41. The company's stock had a trading volume of 13,957,300 shares, compared to its average volume of 9,939,076. The company has a market cap of $48.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm's 50 day moving average is $33.74 and its 200 day moving average is $33.29.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly 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. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. Keurig Dr Pepper's payout ratio is currently 87.62%.

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.