PDS Planning Inc Raises Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

PDS Planning Inc increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,469 shares of the company’s stock after purchasing an additional 415 shares during the quarter. PDS Planning Inc’s holdings in Keurig Dr Pepper were worth $208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Keurig Dr Pepper during the third quarter worth $35,000. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $37,000. Brooklyn Investment Group acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $61,000. R Squared Ltd purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $70,000. Finally, Cromwell Holdings LLC acquired a new position in Keurig Dr Pepper during the fourth quarter worth about $77,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KDP shares. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Morgan Stanley upped their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Piper Sandler began coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective for the company. Finally, UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $33.47 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market cap of $45.41 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1 year low of $29.29 and a 1 year high of $38.28. The firm has a 50 day moving average price of $32.33 and a 200 day moving average price of $33.70.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the sale, the insider now directly owns 187,537 shares in the company, valued at approximately $6,385,634.85. This trade represents a 6.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,385,350 shares of company stock valued at $2,755,891,890 in the last three months. Corporate 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.