Gabelli Funds LLC decreased its position in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 20.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,000 shares of the company’s stock after selling 55,400 shares during the quarter. Gabelli Funds LLC’s holdings in Keurig Dr Pepper were worth $6,010,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. MRA Associates USA LLC bought a new stake in Keurig Dr Pepper during the second quarter worth about $25,000. Pearl River Capital LLC bought a new stake in Keurig Dr Pepper during the second quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new stake in Keurig Dr Pepper during the second quarter worth about $42,000. Quadrant Capital Group LLC lifted its position in Keurig Dr Pepper by 221.3% during the third quarter. Quadrant Capital Group LLC now owns 1,809 shares of the company’s stock worth $46,000 after purchasing an additional 1,246 shares during the period. Finally, Trustcore Financial Services LLC lifted its position in Keurig Dr Pepper by 270.9% during the second quarter. Trustcore Financial Services LLC now owns 1,836 shares of the company’s stock worth $53,000 after purchasing an additional 1,341 shares during the period. 19.54% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on KDP shares. Bank of America upped their price objective on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. SunTrust Banks set a $35.00 target price on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a report on Friday, September 27th. Morgan Stanley set a $24.00 target price on shares of Keurig Dr Pepper and gave the stock a “sell” rating in a report on Friday, August 9th. Royal Bank of Canada set a $31.00 target price on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, ValuEngine raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.41.
In other Keurig Dr Pepper news, insider Mary Beth Denooyer acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $28.17 per share, for a total transaction of $169,020.00. Also, Director Robert S. Singer acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $28.65 per share, with a total value of $85,950.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 105,727 shares of company stock valued at $2,609,271. 0.44% of the stock is owned by company insiders.
KDP stock opened at $29.20 on Friday. The stock has a market capitalization of $39.43 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.51 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58. Keurig Dr Pepper Inc has a 12 month low of $24.52 and a 12 month high of $32.00. The firm has a 50-day moving average price of $27.60 and a 200-day moving average price of $28.22.
Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Keurig Dr Pepper had a net margin of 8.82% and a return on equity of 7.15%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper Inc will post 1.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 57.69%.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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