Raymond James Financial Inc. acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,805,598 shares of the company's stock, valued at approximately $57,995,000. Raymond James Financial Inc. owned 0.13% of Keurig Dr Pepper as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC grew its holdings in shares of Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock worth $893,000 after acquiring an additional 342 shares during the period. Custom Index Systems LLC increased its position in Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after buying an additional 357 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Keurig Dr Pepper by 5.2% in the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after acquiring an additional 384 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Keurig Dr Pepper by 2.9% during the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company's stock valued at $532,000 after acquiring an additional 400 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of Keurig Dr Pepper by 5.0% during the 4th quarter. CX Institutional now owns 8,534 shares of the company's stock worth $274,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.
Insider Transactions at Keurig Dr Pepper
In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. 1.00% of the stock is currently owned by company insiders.
Keurig Dr Pepper Stock Performance
Shares of NASDAQ:KDP traded down $0.44 during trading on Wednesday, reaching $32.81. The stock had a trading volume of 3,926,763 shares, compared to its average volume of 11,995,430. 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 stock has a fifty day simple moving average of $32.09 and a two-hundred day simple moving average of $33.81. The firm has a market capitalization of $44.51 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.42 and a beta of 0.62. 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 posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. Keurig Dr Pepper's payout ratio is 87.62%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on KDP. TD Cowen reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley boosted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $35.00 price target on the stock. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.23.
Check Out Our Latest Stock Report on KDP
About Keurig Dr Pepper
(
Free Report)
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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