Benjamin Edwards Inc. Raises Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Benjamin Edwards Inc. boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 39.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,725 shares of the company’s stock after acquiring an additional 4,691 shares during the period. Benjamin Edwards Inc.’s holdings in Keurig Dr Pepper were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Keurig Dr Pepper during the third quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. grew its position in Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after purchasing an additional 685 shares during the last quarter. Blue Trust Inc. increased its stake in Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after purchasing an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after buying an additional 301 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’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 of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on KDP. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Citigroup cut their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada lifted 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. Wells Fargo & Company cut their price target 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. Finally, TD Cowen raised their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.36.

Keurig Dr Pepper Stock Down 0.8 %

KDP opened at $32.72 on Friday. The company has a fifty day moving average of $34.22 and a two-hundred day moving average of $34.62. The stock has a market capitalization of $44.38 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.52 and a beta of 0.61. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $0.48 EPS. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share 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 given a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Keurig Dr Pepper 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.