Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 52.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,466 shares of the company’s stock after buying an additional 21,447 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Keurig Dr Pepper were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. Blue Trust Inc. lifted its position in Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after acquiring an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of Keurig Dr Pepper in the second quarter worth about $35,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. 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 research report on Monday, October 28th. Royal Bank of Canada increased their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Citigroup decreased their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.36.

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 that occurred on Wednesday, October 30th. The shares were 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. This represents a 24.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $32.66 on Monday. 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 simple moving average of $35.20 and a two-hundred day simple moving average of $34.72. The stock has a market capitalization of $44.30 billion, a P/E ratio of 19.79, a PEG ratio of 2.52 and a beta of 0.63. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $3.92 billion. During the same quarter last year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

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