108,523 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 108,523 shares of the company’s stock, valued at approximately $3,616,000.

A number of other hedge funds have also recently bought and sold shares of KDP. OFI Invest Asset Management purchased a new position in Keurig Dr Pepper during the third quarter worth approximately $25,000. Geneos Wealth Management Inc. raised its stake in Keurig Dr Pepper by 973.8% during the third quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after purchasing an additional 818 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Keurig Dr Pepper during the fourth quarter worth approximately $34,000. Resurgent Financial Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter worth approximately $34,000. Finally, Ulland Investment Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert James Gamgort acquired 171,821 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the acquisition, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Robert James Gamgort acquired 171,821 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the acquisition, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Priyadarshi Sudhanshu acquired 85,910 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, with a total value of $2,499,981.00. Following the completion of the acquisition, the chief financial officer now owns 218,566 shares in the company, valued at $6,360,270.60. The disclosure for this purchase can be found here. Insiders sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 in the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $30.88 on Thursday. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.99. The company has a market capitalization of $42.85 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.31 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The firm’s fifty day moving average price is $30.25 and its 200 day moving average price is $31.00.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Wedbush cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. HSBC began coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 target price on the stock. Morgan Stanley cut their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Finally, Royal Bank of Canada cut their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.45.

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.