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

First Horizon Advisors Inc. increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,658 shares of the company’s stock after purchasing an additional 790 shares during the period. First Horizon Advisors Inc.’s holdings in Keurig Dr Pepper were worth $214,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper during the third quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth $35,000. Brooklyn Investment Group purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $61,000. R Squared Ltd purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth $70,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in 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 during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on KDP. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday. Barclays reaffirmed an “overweight” rating and set a $36.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Finally, Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday. They set a “neutral” rating and a $35.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Keurig Dr Pepper Stock Up 2.4 %

Shares of Keurig Dr Pepper stock opened at $34.94 on Wednesday. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The company has a market capitalization of $47.39 billion, a PE ratio of 21.18, a P/E/G ratio of 2.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business has a 50-day moving average of $31.86 and a 200-day moving average of $33.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share 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 firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $0.55 EPS. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.63%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by 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.