United Capital Financial Advisors LLC Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

United Capital Financial Advisors LLC increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.8% in the fourth quarter, HoldingsChannel reports. The firm owned 15,956 shares of the company’s stock after purchasing an additional 2,294 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Keurig Dr Pepper were worth $512,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KDP. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after buying an additional 22,856,757 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock worth $681,579,000 after buying an additional 8,363,192 shares during the period. Norges Bank bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $197,819,000. Wellington Management Group LLP lifted its position in Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Keurig Dr Pepper by 32.3% during the fourth quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company’s stock worth $600,189,000 after acquiring an additional 4,562,128 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Up 0.9 %

NASDAQ:KDP opened at $35.41 on Monday. The company has a market cap of $48.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $33.82 and a two-hundred day simple moving average of $33.23. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating 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 company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Buying and Selling

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper 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 transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KDP shares. UBS Group raised their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.21.

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.