West Family Investments Inc. Takes $310,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

West Family Investments Inc. purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the third quarter, Holdings Channel reports. The fund purchased 8,268 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KDP. O Shaughnessy Asset Management LLC raised its holdings in shares of Keurig Dr Pepper by 38.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock valued at $483,000 after purchasing an additional 4,351 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in Keurig Dr Pepper by 367.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 45,660 shares of the company’s stock worth $1,400,000 after acquiring an additional 35,891 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Keurig Dr Pepper by 17.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,080,266 shares of the company’s stock worth $33,158,000 after acquiring an additional 159,308 shares during the period. Capital Group Private Client Services Inc. raised its holdings in Keurig Dr Pepper by 28.1% in the 1st quarter. Capital Group Private Client Services Inc. now owns 784,764 shares of the company’s stock worth $24,069,000 after acquiring an additional 172,214 shares during the period. Finally, Capital International Inc. CA raised its holdings in Keurig Dr Pepper by 26.0% in the 1st quarter. Capital International Inc. CA now owns 432,056 shares of the company’s stock worth $13,251,000 after acquiring an additional 89,178 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction that occurred on 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 directly owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $31.52 on Wednesday. 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 stock has a market cap of $42.76 billion, a P/E ratio of 19.10, a PEG ratio of 2.45 and a beta of 0.63. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company’s 50-day simple moving average is $35.50 and its 200 day simple moving average is $34.75.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting 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 net margin of 15.04% and a return on equity of 10.45%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.92%. 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 currently 55.76%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays dropped 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 report on Monday, October 28th. TD Cowen lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Royal Bank of Canada boosted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.