CX Institutional Buys 405 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

CX Institutional grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,534 shares of the company’s stock after buying an additional 405 shares during the period. CX Institutional’s holdings in Keurig Dr Pepper were worth $274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KDP. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the third quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the third quarter worth approximately $35,000. Hexagon Capital Partners LLC increased its position in shares of Keurig Dr Pepper by 105.6% in the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Keurig Dr Pepper in the third quarter worth approximately $61,000. Finally, Catalyst Capital Advisors LLC increased its position in shares of Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after purchasing an additional 684 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $31.15 on Monday. The stock has a fifty day moving average of $32.12 and a 200 day moving average of $34.16. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The firm has a market capitalization of $42.25 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 2.19 and a beta of 0.62. 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 announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KDP shares. UBS Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada increased their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

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.