Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Holdings Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6,430.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,351 shares of the company’s stock after purchasing an additional 112,600 shares during the quarter. International Assets Investment Management LLC’s holdings in Keurig Dr Pepper were worth $4,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fulcrum Capital LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $240,000. Commerzbank Aktiengesellschaft FI grew its holdings in Keurig Dr Pepper by 47.7% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 29,862 shares of the company’s stock worth $1,120,000 after acquiring an additional 9,638 shares during the period. Lecap Asset Management Ltd. raised its position in Keurig Dr Pepper by 261.7% in the third quarter. Lecap Asset Management Ltd. now owns 29,119 shares of the company’s stock worth $1,091,000 after acquiring an additional 21,068 shares in the last quarter. GAM Holding AG lifted its holdings in Keurig Dr Pepper by 0.3% in the 3rd quarter. GAM Holding AG now owns 270,333 shares of the company’s stock valued at $10,132,000 after acquiring an additional 912 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Keurig Dr Pepper by 6.6% during the 3rd quarter. Signaturefd LLC now owns 11,517 shares of the company’s stock valued at $432,000 after purchasing an additional 713 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KDP shares. JPMorgan Chase & Co. decreased 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 research report on Friday, October 25th. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Citigroup cut their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Barclays decreased 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $38.36.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’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 sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Down 0.4 %

NASDAQ:KDP opened at $32.82 on Friday. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The firm has a market capitalization of $44.52 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.55 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. The stock’s 50 day moving average price is $36.47 and its two-hundred day moving average price is $34.70.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 55.76%.

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.