Napa Wealth Management Takes $1.12 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Napa Wealth Management purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,944 shares of the company's stock, valued at approximately $1,122,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $25,000. Blue Trust Inc. lifted its holdings in 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 acquiring an additional 643 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock worth $27,000 after purchasing an additional 685 shares during the period. Farmers & Merchants Investments Inc. increased its stake in 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, Hantz Financial Services Inc. acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at $35,000. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction on 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 in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.42 during mid-day trading on Monday, hitting $31.24. The company had a trading volume of 16,009,002 shares, compared to its average volume of 9,250,008. 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 12 month low of $28.61 and a 12 month high of $38.28. The firm's 50 day simple moving average is $35.73 and its two-hundred day simple moving average is $34.78. The stock has a market cap of $42.38 billion, a price-to-earnings ratio of 19.19, 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 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current 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 paid a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Analysts Set New Price Targets

KDP has been the subject of several research analyst reports. Citigroup decreased their price objective 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. TD Cowen boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, September 26th. Barclays cut their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating for the company in a report on Monday, October 28th. Royal Bank of Canada lifted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $38.36.

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.