Commonwealth Bank of Australia raised its stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 163.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,194 shares of the company’s stock after purchasing an additional 29,928 shares during the period. Commonwealth Bank of Australia’s holdings in Keurig Dr Pepper were worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Keurig Dr Pepper during the third quarter worth about $491,000. Robeco Institutional Asset Management B.V. bought a new position in Keurig Dr Pepper during the third quarter worth about $554,000. State Board of Administration of Florida Retirement System bought a new position in Keurig Dr Pepper during the third quarter worth about $5,614,000. US Bancorp DE bought a new position in Keurig Dr Pepper during the third quarter worth about $708,000. Finally, Chicago Equity Partners LLC bought a new position in Keurig Dr Pepper during the third quarter worth about $499,000. 12.79% of the stock is owned by institutional investors and hedge funds.
In other news, insider Brian Andrew Loucks bought 6,250 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $27.34 per share, with a total value of $170,875.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Angela A. Stephens bought 11,535 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $25.69 per share, for a total transaction of $296,334.15. The disclosure for this purchase can be found here. In the last three months, insiders purchased 46,285 shares of company stock worth $1,199,274. 0.58% of the stock is owned by insiders.
Several research firms have recently weighed in on KDP. Zacks Investment Research cut Keurig Dr Pepper from a “buy” rating to a “hold” rating in a report on Friday, November 16th. ValuEngine cut Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Macquarie upgraded Keurig Dr Pepper from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $24.00 to $30.00 in a report on Tuesday, December 4th. SunTrust Banks began coverage on Keurig Dr Pepper in a report on Friday, December 7th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, UBS Group began coverage on Keurig Dr Pepper in a report on Thursday, December 13th. They set a “buy” rating and a $32.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.20.
NYSE:KDP opened at $27.68 on Friday. Keurig Dr Pepper Inc has a fifty-two week low of $20.46 and a fifty-two week high of $124.36. The company has a current ratio of 0.38, a quick ratio of 0.27 and a debt-to-equity ratio of 0.64. The stock has a market cap of $38.50 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.48 and a beta of 0.45.
Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings data on Thursday, February 28th. The company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Keurig Dr Pepper had a return on equity of 11.13% and a net margin of 9.53%. As a group, equities analysts expect that Keurig Dr Pepper Inc will post 1.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, April 4th. Keurig Dr Pepper’s dividend payout ratio is presently 57.69%.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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