Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Position Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,155 shares of the company’s stock after purchasing an additional 2,103 shares during the quarter. Sanctuary Advisors LLC’s holdings in Keurig Dr Pepper were worth $2,929,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $25,000. Blue Trust Inc. increased its stake in Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after buying an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. increased 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 buying an additional 685 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after buying an additional 301 shares during the period. Finally, Hantz Financial Services Inc. acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at about $35,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $33.04 on Wednesday. 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 company has a market cap of $44.82 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The firm’s 50 day simple moving average is $33.75 and its 200-day simple moving average is $34.60. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. As a group, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS 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. Investors of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Royal Bank of Canada lifted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Barclays lowered 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 note on Monday, October 28th. Finally, Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $38.50.

Insider Buying and Selling

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

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.