Tidal Investments LLC Purchases 49,865 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Tidal Investments LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 26.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 237,887 shares of the company's stock after acquiring an additional 49,865 shares during the quarter. Tidal Investments LLC's holdings in Keurig Dr Pepper were worth $8,916,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its holdings in shares of Keurig Dr Pepper by 441.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company's stock valued at $3,559,000 after purchasing an additional 77,414 shares during the last quarter. Arvest Bank Trust Division bought a new stake in Keurig Dr Pepper in the 3rd quarter worth about $1,858,000. Sanctuary Advisors LLC grew its position in Keurig Dr Pepper by 2.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 78,155 shares of the company's stock worth $2,929,000 after purchasing an additional 2,103 shares in the last quarter. Unigestion Holding SA increased its stake in Keurig Dr Pepper by 1,220.8% in the 3rd quarter. Unigestion Holding SA now owns 92,089 shares of the company's stock valued at $3,451,000 after buying an additional 85,117 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company's stock worth $532,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP stock traded down $0.16 during midday trading on Friday, reaching $33.65. 3,597,388 shares of the company's stock traded hands, compared to its average volume of 9,225,441. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a 50-day moving average price of $33.94 and a two-hundred day moving average price of $34.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market capitalization of $45.64 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.57 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. 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $0.48 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business'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 of the company's stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KDP shares. Wells Fargo & Company decreased their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. TD Cowen raised their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, September 26th. Royal Bank of Canada boosted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Evercore ISI upgraded shares of Keurig Dr Pepper to a "hold" rating in a research report on Thursday, September 5th. Finally, Citigroup lowered their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $38.50.

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.