MML Investors Services LLC Has $1.70 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

MML Investors Services LLC raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 31.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,439 shares of the company’s stock after acquiring an additional 10,760 shares during the quarter. MML Investors Services LLC’s holdings in Keurig Dr Pepper were worth $1,703,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in Keurig Dr Pepper in the third quarter valued at $562,000. National Bank of Canada FI lifted its stake in Keurig Dr Pepper by 394.3% in the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after acquiring an additional 1,956,138 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at about $460,000. Voya Financial Advisors Inc. bought a new position in shares of Keurig Dr Pepper in the third quarter valued at about $209,000. Finally, Wahed Invest LLC raised its position in shares of Keurig Dr Pepper by 10.7% in the third quarter. Wahed Invest LLC now owns 25,746 shares of the company’s stock valued at $965,000 after purchasing an additional 2,493 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 0.2 %

Shares of Keurig Dr Pepper stock opened at $33.04 on Wednesday. The company has a market capitalization of $44.82 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.57 and a beta of 0.61. 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 Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The firm’s 50-day moving average price is $33.75 and its two-hundred day moving average price is $34.60.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. Keurig Dr Pepper’s payout ratio is 55.76%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. dropped their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group dropped their price objective on shares of 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. 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.