118,928 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 118,928 shares of the company’s stock, valued at approximately $3,820,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in Keurig Dr Pepper by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after buying an additional 242,315 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Keurig Dr Pepper by 0.7% in the 3rd 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. Franklin Resources Inc. lifted its stake in shares of Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after purchasing an additional 41,466 shares during the period. Swedbank AB boosted its position in shares of Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock valued at $23,994,000 after purchasing an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP grew its stake in Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after purchasing an additional 398,916 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total value of $408,600.00. Following the sale, the insider now owns 187,537 shares of the company’s stock, valued at approximately $6,385,634.85. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on KDP shares. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. TD Cowen cut their price objective 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. Finally, Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price for the company. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.84 on Tuesday. Keurig Dr Pepper Inc. has a 52 week low of $28.80 and a 52 week high of $38.28. 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 business has a 50 day moving average price of $32.22 and a 200-day moving average price of $33.72. The company has a market cap of $45.91 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the firm posted $0.55 EPS. Keurig Dr Pepper’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

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.