Natixis Advisors LLC Acquires 111,892 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Natixis Advisors LLC lifted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 18.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 710,239 shares of the company's stock after acquiring an additional 111,892 shares during the quarter. Natixis Advisors LLC owned 0.05% of Keurig Dr Pepper worth $26,620,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KDP. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter worth about $25,000. Blue Trust Inc. increased its stake in shares of Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company's stock valued at $26,000 after buying an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Keurig Dr Pepper by 617.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock valued at $27,000 after acquiring an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after acquiring an additional 301 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in Keurig Dr Pepper in the second quarter valued at $35,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

KDP has been the subject of several research analyst reports. Citigroup dropped their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, October 25th. TD Cowen raised their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, September 26th. Wells Fargo & Company reduced their target price 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. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Barclays decreased their price objective 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. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $38.36.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.18 on Tuesday, hitting $31.42. 3,668,242 shares of the company traded hands, compared to its average volume of 9,225,328. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The business's 50 day moving average price is $35.61 and its 200-day moving average price is $34.76. The company has a market capitalization of $42.62 billion, a price-to-earnings ratio of 18.93, a P/E/G 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 announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $0.48 EPS. The firm's revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a boost 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 2.93%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.76%.

Insider Activity

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 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 document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

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.