Keurig Dr Pepper Inc. (NASDAQ:KDP) Holdings Lifted by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,658 shares of the company’s stock after purchasing an additional 790 shares during the quarter. First Horizon Advisors Inc.’s holdings in Keurig Dr Pepper were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper in the third quarter worth about $25,000. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $35,000. Brooklyn Investment Group bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth about $61,000. R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $70,000. Finally, Catalyst Capital Advisors LLC boosted its holdings 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 valued at $75,000 after acquiring an additional 684 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 2.4 %

Shares of NASDAQ:KDP opened at $34.94 on Wednesday. The firm has a 50 day simple moving average of $31.86 and a 200 day simple moving average of $33.94. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market cap of $47.39 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.63%. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research analyst reports. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday. They set a “neutral” rating and a $35.00 price objective on the stock. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Barclays reiterated an “overweight” rating and issued a $36.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

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.