Stifel Financial Corp Grows Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Stifel Financial Corp boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 79.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 358,664 shares of the company's stock after acquiring an additional 158,961 shares during the period. Stifel Financial Corp's holdings in Keurig Dr Pepper were worth $13,443,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KDP. Swedbank AB lifted its position in Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company's stock valued at $27,504,000 after buying an additional 268,555 shares during the period. Pathstone Holdings LLC boosted its stake in Keurig Dr Pepper by 0.7% during the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock worth $122,038,000 after acquiring an additional 22,657 shares in the last quarter. LMR Partners LLP grew its holdings in Keurig Dr Pepper by 55.5% in the third quarter. LMR Partners LLP now owns 521,000 shares of the company's stock worth $19,527,000 after purchasing an additional 186,002 shares during the period. Curi RMB Capital LLC increased its stake in shares of Keurig Dr Pepper by 9.4% during the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock valued at $23,539,000 after purchasing an additional 54,167 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its position in shares of Keurig Dr Pepper by 428.0% in the 3rd quarter. Qsemble Capital Management LP now owns 59,618 shares of the company's stock worth $2,234,000 after purchasing an additional 48,326 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 0.8 %

NASDAQ:KDP traded down $0.28 during mid-day trading on Wednesday, reaching $33.24. The company's stock had a trading volume of 3,951,212 shares, compared to its average volume of 9,238,847. 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 Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The stock has a fifty day moving average of $34.07 and a 200-day moving average of $34.62. The firm has a market capitalization of $45.09 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released 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. 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 net margin of 15.04% and a return on equity of 10.45%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper's payout ratio is currently 55.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KDP shares. Citigroup lowered their price objective on 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. Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, October 25th. TD Cowen increased their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.36.

Insider Buying and Selling 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 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 sale, the insider now owns 214,443,879 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

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.