Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 19.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,485 shares of the company's stock after purchasing an additional 16,997 shares during the period. Nisa Investment Advisors LLC's holdings in Keurig Dr Pepper were worth $4,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KDP. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Keurig Dr Pepper by 3.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company's stock worth $320,000 after purchasing an additional 300 shares during the last quarter. Custom Index Systems LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter worth $253,000. Hamlin Capital Management LLC raised its position in Keurig Dr Pepper by 25.3% during the 3rd quarter. Hamlin Capital Management LLC now owns 3,317,408 shares of the company's stock worth $124,336,000 after buying an additional 669,568 shares during the last quarter. Modera Wealth Management LLC lifted its stake in shares of Keurig Dr Pepper by 62.9% in the 3rd quarter. Modera Wealth Management LLC now owns 86,151 shares of the company's stock worth $3,229,000 after acquiring an additional 33,261 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Keurig Dr Pepper by 47.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,177 shares of the company's stock worth $869,000 after acquiring an additional 7,477 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 0.4 %

Shares of KDP traded down $0.13 during mid-day trading on Friday, hitting $32.82. The company had a trading volume of 12,592,804 shares, compared to its average volume of 9,166,141. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The business's 50-day simple moving average is $36.47 and its 200-day simple moving average is $34.73. The stock has a market cap of $44.52 billion, a PE ratio of 19.89, a P/E/G ratio of 2.55 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

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 for the quarter, meeting analysts' consensus estimates 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%. Keurig Dr Pepper's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper's payout ratio is currently 55.76%.

Insider Transactions 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 that occurred 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 transaction, the insider now directly owns 214,443,879 shares of the company's stock, valued at $7,001,592,649.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KDP. Barclays reduced their target price 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. JPMorgan Chase & Co. lowered their target price on shares of 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. Royal Bank of Canada lifted their price target 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. Evercore ISI raised Keurig Dr Pepper to a "hold" rating in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average price target 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.