Mirabella Financial Services LLP Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mirabella Financial Services LLP purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 78,088 shares of the company’s stock, valued at approximately $2,927,000.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Keurig Dr Pepper by 5.0% in 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 buying an additional 730,297 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after purchasing an additional 317,837 shares during the period. Legal & General Group Plc increased its holdings in Keurig Dr Pepper by 6.5% during the 2nd quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock worth $333,057,000 after purchasing an additional 609,857 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Keurig Dr Pepper by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,130,632 shares of the company’s stock valued at $238,163,000 after purchasing an additional 171,036 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Keurig Dr Pepper by 41.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock valued at $212,901,000 after purchasing an additional 1,878,597 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Up 0.3 %

KDP stock opened at $32.76 on Monday. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The business’s 50 day simple moving average is $35.20 and its 200 day simple moving average is $34.72. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $44.44 billion, a PE ratio of 19.79, a PEG ratio of 2.52 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. 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 dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KDP shares. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. 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 research report on Friday, October 25th. Jefferies Financial Group lowered their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Citigroup lowered their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.