CIBC Private Wealth Group LLC Acquires 6,659 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

CIBC Private Wealth Group LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,506 shares of the company’s stock after acquiring an additional 6,659 shares during the period. CIBC Private Wealth Group LLC’s holdings in Keurig Dr Pepper were worth $2,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Perigon Wealth Management LLC increased its holdings in Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after purchasing an additional 342 shares in the last quarter. Barden Capital Management Inc. grew its holdings in Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after buying an additional 353 shares in the last quarter. Custom Index Systems LLC raised its position in Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after buying an additional 357 shares during the last quarter. First Hawaiian Bank lifted its stake in Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares in the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KDP. JPMorgan Chase & Co. increased their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $40.00 in a research note on Tuesday. TD Cowen decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.38.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $35.14 on Thursday. The firm has a market capitalization of $47.68 billion, a PE ratio of 21.30, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $32.91 and a two-hundred day moving average price of $33.49. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28.

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 the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm earned $0.55 EPS. Keurig Dr Pepper’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.62%. Keurig Dr Pepper’s payout ratio is 87.62%.

Insider Buying and Selling

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the sale, the insider now owns 178,511 shares in the company, valued at approximately $5,960,482.29. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,397,350 shares of company stock valued at $2,756,292,570. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper 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.