King Luther Capital Management Corp Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

King Luther Capital Management Corp lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 125.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,378,853 shares of the company's stock after buying an additional 767,298 shares during the quarter. King Luther Capital Management Corp owned approximately 0.10% of Keurig Dr Pepper worth $51,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock worth $27,000 after acquiring an additional 685 shares in the last quarter. Blue Trust Inc. lifted its stake in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company's stock worth $26,000 after purchasing an additional 643 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after purchasing an additional 301 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after acquiring an additional 530 shares during the period. Institutional investors own 85.23% of the company's stock.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm's 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 directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The sale 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 insiders.

Keurig Dr Pepper Trading Up 1.6 %

NASDAQ KDP opened at $32.04 on Thursday. 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 stock's 50 day moving average price is $35.40 and its two-hundred day moving average price is $34.73. The stock has a market capitalization of $43.46 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.45 and a beta of 0.63. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The firm 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 company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share 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. Stockholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, September 27th. This is an increase from Keurig Dr Pepper's previous quarterly dividend of $0.22. Keurig Dr Pepper's dividend payout ratio is 55.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KDP shares. Barclays reduced 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. Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. TD Cowen increased their price target on 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, Royal Bank of Canada lifted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.36.

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.

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