Frank Rimerman Advisors LLC Grows Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Frank Rimerman Advisors LLC grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,651 shares of the company’s stock after buying an additional 479 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Keurig Dr Pepper were worth $438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC lifted its stake in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the period. State Street Corp lifted its stake in shares of Keurig Dr Pepper by 10.9% in 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. National Bank of Canada FI lifted its stake 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 valued at $91,908,000 after purchasing an additional 1,956,138 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $57,995,000. Finally, OFI Invest Asset Management purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $38,629,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KDP. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective for the company. TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Stock Up 1.4 %

Keurig Dr Pepper stock opened at $33.59 on Monday. The firm has a market cap of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. The stock has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $33.74. 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.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data 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 return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed 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 dividend yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 87.62%.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,385,350 shares of company stock valued at $2,755,891,890 over the last 90 days. Company insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

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.