Kornitzer Capital Management Inc. KS lifted its stake in Keurig Dr Pepper Inc (NYSE:KDP) by 13.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,635 shares of the company’s stock after purchasing an additional 11,365 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Keurig Dr Pepper were worth $2,695,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. MRA Associates USA LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $25,000. Pearl River Capital LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $42,000. Quadrant Capital Group LLC increased its holdings in shares of Keurig Dr Pepper by 221.3% in the third quarter. Quadrant Capital Group LLC now owns 1,809 shares of the company’s stock valued at $46,000 after purchasing an additional 1,246 shares during the last quarter. Finally, Trustcore Financial Services LLC increased its holdings in shares of Keurig Dr Pepper by 270.9% in the second quarter. Trustcore Financial Services LLC now owns 1,836 shares of the company’s stock valued at $53,000 after purchasing an additional 1,341 shares during the last quarter. 19.54% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Mary Beth Denooyer purchased 6,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $28.17 per share, for a total transaction of $169,020.00. Also, Director Robert S. Singer purchased 3,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were purchased 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. Over the last 90 days, insiders have bought 105,727 shares of company stock valued at $2,609,271. Company insiders own 0.44% of the company’s stock.
Several equities research analysts have issued reports on KDP shares. Bank of America raised their target price on Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada set a $31.00 target price on Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Friday, August 9th. Morgan Stanley raised their target price on Keurig Dr Pepper from $24.00 to $26.00 and gave the stock an “underweight” rating in a research note on Friday. SunTrust Banks set a $35.00 target price on Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, ValuEngine raised Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Keurig Dr Pepper has a consensus rating of “Buy” and an average price target of $30.57.
KDP stock traded down $0.63 during midday trading on Friday, hitting $29.20. 2,595,503 shares of the company’s stock were exchanged, compared to its average volume of 2,524,521. The business has a 50-day simple moving average of $27.60 and a two-hundred day simple moving average of $28.22. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $39.43 billion, a PE ratio of 28.08, a P/E/G ratio of 1.51 and a beta of 0.45. Keurig Dr Pepper Inc has a 1-year low of $24.52 and a 1-year high of $32.00.
Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Thursday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Keurig Dr Pepper Inc will post 1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.05%. Keurig Dr Pepper’s dividend payout ratio is currently 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.
Featured Article: Trading Penny Stocks
Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper Inc (NYSE:KDP).
Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.