Fulton Bank N.A. Has $1.59 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fulton Bank N.A. lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 39.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,347 shares of the company’s stock after purchasing an additional 13,971 shares during the period. Fulton Bank N.A.’s holdings in Keurig Dr Pepper were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KDP. Ashton Thomas Securities LLC bought a new position in Keurig Dr Pepper during the 3rd quarter worth $25,000. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC grew its holdings in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Keurig Dr Pepper in the third quarter valued at about $61,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 1.4 %

NASDAQ:KDP opened at $31.12 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The firm’s 50 day simple moving average is $32.53 and its 200 day simple moving average is $34.33. The company has a market cap of $42.21 billion, a PE ratio of 18.86, a P/E/G ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’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. On average, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.23 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. Keurig Dr Pepper’s payout ratio is 55.76%.

Analyst Ratings Changes

A number of brokerages have issued reports on KDP. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Citigroup decreased their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Jefferies Financial Group dropped their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average price target of $37.93.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction 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 directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Company 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.