GWN Securities Inc. Invests $843,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

GWN Securities Inc. bought a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,060 shares of the company’s stock, valued at approximately $843,000.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Keurig Dr Pepper by 27.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 135,437 shares of the company’s stock worth $4,350,000 after buying an additional 28,917 shares during the period. Natixis Advisors LLC lifted its holdings in Keurig Dr Pepper by 21.1% in the fourth quarter. Natixis Advisors LLC now owns 860,076 shares of the company’s stock worth $27,626,000 after buying an additional 149,837 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in Keurig Dr Pepper by 3.6% in the fourth quarter. Frank Rimerman Advisors LLC now owns 13,651 shares of the company’s stock worth $438,000 after buying an additional 479 shares during the period. Copperwynd Financial LLC purchased a new stake in Keurig Dr Pepper in the fourth quarter worth about $667,000. Finally, LBP AM SA lifted its holdings in Keurig Dr Pepper by 16.8% in the fourth quarter. LBP AM SA now owns 266,319 shares of the company’s stock worth $8,554,000 after buying an additional 38,397 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 1.4 %

Shares of KDP stock opened at $33.59 on Friday. Keurig Dr Pepper Inc. has a 12-month low of $28.80 and a 12-month high of $38.28. 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’s 50 day moving average is $32.17 and its 200 day moving average is $33.76. The stock has a market capitalization of $45.57 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

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

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 84,385,350 shares of company stock worth $2,755,891,890 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, TD Cowen decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Six 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, the company has an average rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Company 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.