Proficio Capital Partners LLC Acquires New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Proficio Capital Partners LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 4th quarter, Holdings Channel.com reports. The firm acquired 118,928 shares of the company’s stock, valued at approximately $3,820,000.

Several other large investors have also bought and sold shares of KDP. Wealth Enhancement Advisory Services LLC raised its holdings in Keurig Dr Pepper by 47.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,177 shares of the company’s stock worth $869,000 after purchasing an additional 7,477 shares during the period. Janney Montgomery Scott LLC raised its holdings in Keurig Dr Pepper by 11.8% in the third quarter. Janney Montgomery Scott LLC now owns 81,567 shares of the company’s stock worth $3,057,000 after purchasing an additional 8,624 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Keurig Dr Pepper by 44.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 579,064 shares of the company’s stock worth $21,703,000 after purchasing an additional 179,402 shares during the period. National Pension Service raised its holdings in Keurig Dr Pepper by 18.1% in the third quarter. National Pension Service now owns 1,708,132 shares of the company’s stock worth $64,021,000 after purchasing an additional 262,353 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in Keurig Dr Pepper by 0.7% in the third quarter. Asset Management One Co. Ltd. now owns 539,259 shares of the company’s stock worth $20,211,000 after purchasing an additional 3,878 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. TD Cowen cut their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Keurig Dr Pepper Stock Down 1.6 %

Keurig Dr Pepper stock opened at $33.60 on Wednesday. The company has a market cap of $45.59 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper Inc. has a 1-year low of $28.62 and a 1-year high of $38.28. The company has a fifty day simple moving average of $31.99 and a 200 day simple moving average of $33.89. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

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.