Advisor OS LLC Acquires 4,410 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Advisor OS LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,630 shares of the company’s stock after purchasing an additional 4,410 shares during the period. Advisor OS LLC’s holdings in Keurig Dr Pepper were worth $791,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KDP. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at $35,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper during the 3rd quarter valued at $61,000. Catalyst Capital Advisors LLC grew its holdings in Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after acquiring an additional 684 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $70,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KDP has been the subject of a number of analyst reports. Barclays reiterated an “overweight” rating and set a $36.00 target price on shares of Keurig Dr Pepper in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. TD Cowen decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Morgan Stanley lifted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Keurig Dr Pepper Stock Down 3.4 %

NASDAQ:KDP opened at $33.74 on Thursday. 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 firm’s 50-day moving average price is $31.88 and its 200-day moving average price is $33.94. The company has a market capitalization of $45.77 billion, a PE ratio of 20.45, a P/E/G ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 55.76%.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.