Qsemble Capital Management LP Buys 48,326 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Qsemble Capital Management LP grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 428.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,618 shares of the company's stock after acquiring an additional 48,326 shares during the period. Qsemble Capital Management LP's holdings in Keurig Dr Pepper were worth $2,234,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock valued at $27,000 after purchasing an additional 685 shares during the period. Blue Trust Inc. raised its position in shares of Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company's stock valued at $26,000 after purchasing an additional 643 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in shares of 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 last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after buying an additional 530 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays lowered their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. TD Cowen increased their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. Royal Bank of Canada increased their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group reduced 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $38.36.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.20 on Tuesday, reaching $32.65. 9,529,245 shares of the stock were exchanged, compared to its average volume of 9,288,776. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market cap of $44.29 billion, a PE ratio of 19.79, a P/E/G ratio of 2.52 and a beta of 0.63. The firm's 50 day moving average is $35.01 and its 200-day moving average is $34.70. 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 released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm 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 company earned $0.48 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

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

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company'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 completion of the transaction, the insider now owns 214,443,879 shares of the company's stock, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

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.