Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Kings Path Partners LLC

Kings Path Partners LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,967 shares of the company’s stock after purchasing an additional 4,938 shares during the quarter. Kings Path Partners LLC’s holdings in Keurig Dr Pepper were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp raised its position in shares of Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after buying an additional 4,970,467 shares during the period. Geode Capital Management LLC boosted its holdings in Keurig Dr Pepper by 2.7% in the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after acquiring an additional 591,316 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Keurig Dr Pepper by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after acquiring an additional 730,297 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Keurig Dr Pepper by 2.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after acquiring an additional 317,837 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 1.1 %

Shares of NASDAQ:KDP traded down $0.34 during midday trading on Monday, reaching $31.20. The company had a trading volume of 3,269,462 shares, compared to its average volume of 4,417,906. The stock has a market capitalization of $42.32 billion, a P/E ratio of 18.91, a PEG ratio of 2.57 and a beta of 0.62. The stock’s fifty day moving average price is $32.67 and its 200-day moving average price is $34.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.95%. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction on 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 directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KDP. Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. TD Cowen boosted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Barclays cut their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $38.62.

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.