GAMMA Investing LLC Increases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

GAMMA Investing LLC lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 87.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,084 shares of the company’s stock after buying an additional 3,765 shares during the quarter. GAMMA Investing LLC’s holdings in Keurig Dr Pepper were worth $260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after acquiring an additional 9,105,164 shares in the last quarter. State Street Corp raised its stake in Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after purchasing an additional 4,970,467 shares in the last quarter. Geode Capital Management LLC lifted its position in Keurig Dr Pepper by 2.7% during the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after purchasing an additional 591,316 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Keurig Dr Pepper by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after purchasing an additional 730,297 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock worth $445,648,000 after buying an additional 317,837 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KDP. Jefferies Financial Group lowered their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Citigroup lowered their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday. They issued a “neutral” rating and a $35.00 price target for the company. Finally, Barclays cut their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.21.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $30.68 on Wednesday. The company has a market capitalization of $41.62 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.57 and a beta of 0.62. The company’s 50-day simple moving average is $32.57 and its two-hundred day simple moving average is $34.35. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. 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 (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting 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 company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the business posted $0.48 EPS. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In related 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 $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

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.