Captrust Financial Advisors Raises Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Captrust Financial Advisors grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 77.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,941 shares of the company's stock after buying an additional 24,034 shares during the quarter. Captrust Financial Advisors' holdings in Keurig Dr Pepper were worth $2,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company's stock worth $3,829,824,000 after acquiring an additional 9,105,164 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Keurig Dr Pepper by 41.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company's stock worth $212,901,000 after purchasing an additional 1,878,597 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $37,643,000. Armistice Capital LLC boosted its position in Keurig Dr Pepper by 186.3% in the second quarter. Armistice Capital LLC now owns 1,486,063 shares of the company's stock valued at $49,635,000 after buying an additional 966,924 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Keurig Dr Pepper by 5,018.4% during the second quarter. Public Sector Pension Investment Board now owns 839,057 shares of the company's stock worth $28,025,000 after buying an additional 822,664 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper 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 completion of the transaction, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Trading Down 0.8 %

Shares of Keurig Dr Pepper stock traded down $0.26 on Friday, reaching $32.72. 9,582,685 shares of the company's stock were exchanged, compared to its average volume of 9,248,811. The company has a market capitalization of $44.38 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.50 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. 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's 50-day moving average is $34.31 and its two-hundred day moving average is $34.62.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $3.89 billion during 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.81%. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KDP shares. Deutsche Bank Aktiengesellschaft raised their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Wells Fargo & Company reduced their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Barclays cut their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. TD Cowen upped their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.36.

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.