XTX Topco Ltd Acquires Shares of 14,988 Keurig Dr Pepper Inc. (NASDAQ:KDP)

XTX Topco Ltd bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 14,988 shares of the company's stock, valued at approximately $562,000.

A number of other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at $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 worth $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock worth $27,000 after purchasing an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock valued at $30,000 after acquiring an additional 301 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in Keurig Dr Pepper during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction 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 sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Down 0.8 %

Shares of KDP traded down $0.26 during mid-day trading on Friday, hitting $33.55. 5,970,652 shares of the company's stock were exchanged, compared to its average volume of 9,236,900. The stock's 50-day moving average is $33.88 and its 200-day moving average is $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. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a market cap of $45.51 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.57 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting 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%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper's payout ratio is currently 55.76%.

Analysts Set New Price Targets

A number of research analysts have weighed in on KDP shares. Citigroup decreased their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Evercore ISI upgraded Keurig Dr Pepper to a "hold" rating in a report on Thursday, September 5th. JPMorgan Chase & Co. reduced their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada upped their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $38.50.

Keurig Dr Pepper Company 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.