Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,256,000 shares of the company's stock after buying an additional 22,657 shares during the quarter. Keurig Dr Pepper makes up about 0.5% of Pathstone Holdings LLC's investment portfolio, making the stock its 26th largest holding. Pathstone Holdings LLC owned approximately 0.24% of Keurig Dr Pepper worth $122,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KDP. Napa Wealth Management purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $1,122,000. IVY Lane Capital Management LLC raised its stake in Keurig Dr Pepper by 7.1% during the 3rd quarter. IVY Lane Capital Management LLC now owns 182,000 shares of the company's stock valued at $6,821,000 after purchasing an additional 12,000 shares during the period. LMR Partners LLP boosted its stake in Keurig Dr Pepper by 55.5% in 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 period. Clarkston Capital Partners LLC grew its holdings in Keurig Dr Pepper by 0.3% during the 3rd quarter. Clarkston Capital Partners LLC now owns 588,802 shares of the company's stock valued at $22,068,000 after buying an additional 1,481 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Keurig Dr Pepper by 0.5% during the 3rd quarter. Swiss National Bank now owns 3,219,000 shares of the company's stock valued at $120,648,000 after buying an additional 15,200 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KDP. Jefferies Financial Group dropped their price target 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of 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 boosted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Barclays lowered 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 report on Monday, October 28th. Finally, TD Cowen boosted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.36.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Up 0.9 %

NASDAQ:KDP traded up $0.28 during trading hours on Tuesday, reaching $31.52. 10,810,690 shares of the stock were exchanged, compared to its average volume of 9,257,215. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $35.50 and a two-hundred day moving average of $34.75. The company has a market capitalization of $42.76 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.45 and a beta of 0.63.

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

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

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.