Orion Portfolio Solutions LLC Acquires 11,557 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Orion Portfolio Solutions LLC boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,299 shares of the company’s stock after purchasing an additional 11,557 shares during the period. Orion Portfolio Solutions LLC’s holdings in Keurig Dr Pepper were worth $3,543,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after buying an additional 22,856,757 shares during the period. Norges Bank bought a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $197,819,000. State Street Corp increased its position in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. JPMorgan Chase & Co. raised its holdings in Keurig Dr Pepper by 32.3% during the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company’s stock worth $600,189,000 after purchasing an additional 4,562,128 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Keurig Dr Pepper by 394.3% in the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after purchasing an additional 1,956,138 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.74 on Monday. 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 company has a fifty day simple moving average of $32.72 and a 200 day simple moving average of $33.52. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company has a market cap of $45.78 billion, a P/E ratio of 20.45, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Tuesday, February 25th. The company reported $0.58 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 during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,397,350 shares of company stock worth $2,756,292,570 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on KDP. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley boosted their price target on 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. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

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.