Natixis Advisors LLC Increases Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Natixis Advisors LLC grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 18.7% during the third quarter, Holdings Channel reports. The firm owned 710,239 shares of the company’s stock after purchasing an additional 111,892 shares during the quarter. Natixis Advisors LLC’s holdings in Keurig Dr Pepper were worth $26,620,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Meridian Investment Counsel Inc. grew its stake in shares of Keurig Dr Pepper by 19.2% in the third quarter. Meridian Investment Counsel Inc. now owns 52,670 shares of the company’s stock worth $1,974,000 after acquiring an additional 8,500 shares in the last quarter. Empirical Finance LLC boosted its holdings in Keurig Dr Pepper by 8.4% in the third quarter. Empirical Finance LLC now owns 18,569 shares of the company’s stock valued at $696,000 after purchasing an additional 1,433 shares during the period. CIBC Asset Management Inc grew its stake in Keurig Dr Pepper by 5.6% during the 3rd quarter. CIBC Asset Management Inc now owns 414,744 shares of the company’s stock worth $15,545,000 after purchasing an additional 22,052 shares in the last quarter. ING Groep NV increased its holdings in Keurig Dr Pepper by 112.3% during the 3rd quarter. ING Groep NV now owns 1,183,237 shares of the company’s stock worth $44,348,000 after purchasing an additional 625,852 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Keurig Dr Pepper by 11.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 28,584 shares of the company’s stock valued at $1,071,000 after purchasing an additional 2,963 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 1.3 %

NASDAQ:KDP opened at $31.24 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The stock’s 50 day moving average price is $35.61 and its 200 day moving average price is $34.76. The company has a market capitalization of $42.38 billion, a PE ratio of 18.93, a P/E/G ratio of 2.45 and a beta of 0.63.

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

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Jefferies Financial Group lowered their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company cut their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.36.

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.