Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by HM Payson & Co.

HM Payson & Co. boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,915 shares of the company’s stock after purchasing an additional 1,566 shares during the quarter. HM Payson & Co.’s holdings in Keurig Dr Pepper were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $35,000. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $37,000. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $61,000. Finally, R Squared Ltd acquired a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective for the company. TD Cowen dropped their price objective 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. JPMorgan Chase & Co. upped their price objective 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, Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Six 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 a consensus target price of $38.23.

Keurig Dr Pepper Stock Down 0.6 %

NASDAQ KDP opened at $33.34 on Friday. The stock has a market cap of $45.23 billion, a PE ratio of 20.21, a P/E/G ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $28.62 and a fifty-two week high of $38.28. The business has a 50 day moving average price of $32.05 and a two-hundred day moving average price of $33.86. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

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

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Insiders Place Their Bets

In other news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,385,350 shares of company stock worth $2,755,891,890 in the last 90 days. 1.00% of the stock is owned by company insiders.

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.