Wilmington Savings Fund Society FSB Buys 77,414 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wilmington Savings Fund Society FSB raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 441.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,948 shares of the company's stock after purchasing an additional 77,414 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Keurig Dr Pepper were worth $3,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KDP. Swedbank AB boosted its stake in shares of Keurig Dr Pepper by 57.7% during the 3rd quarter. Swedbank AB now owns 733,823 shares of the company's stock worth $27,504,000 after buying an additional 268,555 shares during the last quarter. Pathstone Holdings LLC grew its stake in Keurig Dr Pepper by 0.7% in the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock valued at $122,038,000 after purchasing an additional 22,657 shares in the last quarter. LMR Partners LLP increased its position in shares of Keurig Dr Pepper by 55.5% during the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company's stock worth $19,527,000 after purchasing an additional 186,002 shares during the last quarter. Curi RMB Capital LLC raised 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 purchasing an additional 54,167 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its holdings in shares of Keurig Dr Pepper by 428.0% in the 3rd quarter. Qsemble Capital Management LP now owns 59,618 shares of the company's stock valued at $2,234,000 after buying an additional 48,326 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was 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 through the SEC website. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.16 during midday trading on Friday, reaching $33.65. The company had a trading volume of 3,035,379 shares, compared to its average volume of 9,223,892. The company has a market capitalization of $45.64 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The stock has a 50 day moving average price of $33.94 and a 200-day moving average price of $34.60.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.73%. Keurig Dr Pepper's payout ratio is presently 55.76%.

Analysts Set New Price Targets

KDP has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Jefferies Financial Group reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Citigroup cut 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 note on Friday, October 25th. Finally, Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average target price of $38.50.

Keurig Dr Pepper Company 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.