First Horizon Advisors Inc. Boosts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

First Horizon Advisors Inc. increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 18.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,868 shares of the company’s stock after acquiring an additional 928 shares during the quarter. First Horizon Advisors Inc.’s holdings in Keurig Dr Pepper were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in KDP. Price T Rowe Associates Inc. MD lifted its position in shares of Keurig Dr Pepper by 107.6% in the 1st 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 during the period. Dimensional Fund Advisors LP lifted its holdings in Keurig Dr Pepper by 41.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock worth $212,901,000 after buying an additional 1,878,597 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at approximately $37,643,000. Armistice Capital LLC grew its holdings in shares of Keurig Dr Pepper by 186.3% during the 2nd quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock worth $49,635,000 after acquiring an additional 966,924 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Keurig Dr Pepper by 5,018.4% in the 2nd 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 in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KDP. Royal Bank of Canada lifted their price target 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. Barclays reduced their target price 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. 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 research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company lowered their target price on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average target price of $38.36.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.66 on Friday. The company has a market cap of $44.30 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.44 and a beta of 0.63. The business’s fifty day simple moving average is $35.20 and its two-hundred day simple moving average is $34.70. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. 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 released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 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 company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm posted $0.48 earnings per share. Keurig Dr Pepper’s revenue was up 2.3% compared to the same quarter last year. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.82%. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value 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 $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.