Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 34.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,800 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $493,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in KDP. Bryn Mawr Capital Management LLC lifted its holdings in Keurig Dr Pepper by 192.2% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 29,926 shares of the company’s stock valued at $997,000 after acquiring an additional 19,684 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Keurig Dr Pepper by 13.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 563,679 shares of the company’s stock worth $18,782,000 after purchasing an additional 65,081 shares during the last quarter. Syon Capital LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $269,000. Meritage Portfolio Management lifted its position in Keurig Dr Pepper by 53.5% in the fourth quarter. Meritage Portfolio Management now owns 140,415 shares of the company’s stock valued at $4,679,000 after buying an additional 48,946 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Keurig Dr Pepper by 24.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,249 shares of the company’s stock worth $741,000 after buying an additional 4,367 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on KDP. TD Cowen boosted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday. Wedbush dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Barclays increased their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Morgan Stanley dropped their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Finally, Jefferies Financial Group decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.33.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Keurig Dr Pepper news, CEO Robert James Gamgort bought 171,821 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the acquisition, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the transaction, the insider now directly owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861 over the last three months. 0.81% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.12 during mid-day trading on Friday, hitting $33.72. 9,684,878 shares of the company were exchanged, compared to its average volume of 8,656,274. The stock has a 50 day simple moving average of $30.41 and a 200-day simple moving average of $31.08. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $34.65. The company has a quick ratio of 0.25, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the company earned $0.34 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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.