Caprock Group LLC Purchases 897 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Caprock Group LLC raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,948 shares of the company’s stock after purchasing an additional 897 shares during the period. Caprock Group LLC’s holdings in Keurig Dr Pepper were worth $866,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in shares of Keurig Dr Pepper by 107.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after purchasing an additional 12,259,471 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Keurig Dr Pepper by 41.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock valued at $212,901,000 after buying an additional 1,878,597 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Keurig Dr Pepper during the second quarter valued at approximately $37,643,000. Armistice Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 186.3% in the second quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock worth $49,635,000 after buying an additional 966,924 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Keurig Dr Pepper by 5,018.4% during the second quarter. Public Sector Pension Investment Board now owns 839,057 shares of the company’s stock worth $28,025,000 after acquiring an additional 822,664 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KDP. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Citigroup decreased their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group cut their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. TD Cowen upped their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Finally, Barclays cut their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Insider Transactions at Keurig Dr Pepper

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

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $32.27 on Friday. The firm has a market capitalization of $43.77 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.44 and a beta of 0.63. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The firm has a 50-day moving average price of $35.30 and a 200-day moving average price of $34.71. 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 announced its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.85%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

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.