Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Hamlin Capital Management LLC

Hamlin Capital Management LLC lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 14.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,801,457 shares of the company’s stock after buying an additional 484,049 shares during the period. Keurig Dr Pepper makes up approximately 3.0% of Hamlin Capital Management LLC’s portfolio, making the stock its 22nd largest position. Hamlin Capital Management LLC owned about 0.28% of Keurig Dr Pepper worth $122,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $35,000. Hexagon Capital Partners LLC boosted its position in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the period. Federated Hermes Inc. boosted its position in shares of Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity

In related 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 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the subject of several recent research reports. Royal Bank of Canada raised their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Barclays decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $31.62 on Tuesday. The company’s fifty day moving average price is $32.28 and its 200 day moving average price is $34.20. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $42.89 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.20 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting 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%. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. As a group, sell-side analysts predict 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 was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s payout ratio is 55.76%.

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.