Vestmark Advisory Solutions Inc. Acquires 1,262 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Posted by Defense World Staff on Apr 2nd, 2023

Vestmark Advisory Solutions Inc. raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,098 shares of the company’s stock after buying an additional 1,262 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Keurig Dr Pepper were worth $1,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Keurig Dr Pepper by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 69,193,943 shares of the company’s stock worth $2,478,527,000 after purchasing an additional 4,898,078 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Keurig Dr Pepper by 6.9% in the 3rd quarter. BlackRock Inc. now owns 67,605,675 shares of the company’s stock worth $2,421,636,000 after purchasing an additional 4,361,181 shares during the last quarter. State Street Corp grew its holdings in shares of Keurig Dr Pepper by 12.8% in the 3rd quarter. State Street Corp now owns 35,758,036 shares of the company’s stock worth $1,287,901,000 after purchasing an additional 4,050,118 shares during the last quarter. Boston Partners grew its holdings in shares of Keurig Dr Pepper by 2.8% in the 3rd quarter. Boston Partners now owns 20,158,696 shares of the company’s stock worth $722,976,000 after purchasing an additional 540,482 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Keurig Dr Pepper by 9.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,747,187 shares of the company’s stock worth $241,684,000 after purchasing an additional 608,662 shares during the last quarter. Institutional investors own 52.29% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other news, insider Anthony Shoemaker purchased 5,297 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $34.82 per share, for a total transaction of $184,441.54. Following the transaction, the insider now directly owns 62,297 shares of the company’s stock, valued at approximately $2,169,181.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Keurig Dr Pepper news, insider Anthony Shoemaker bought 5,297 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average cost of $34.82 per share, with a total value of $184,441.54. Following the purchase, the insider now owns 62,297 shares in the company, valued at $2,169,181.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mondelez International, Inc. sold 30,000,000 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $34.42, for a total value of $1,032,600,000.00. Following the sale, the director now directly owns 45,543,005 shares of the company’s stock, valued at $1,567,590,232.10. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 74,797 shares of company stock worth $2,609,558 and have sold 30,127,700 shares worth $1,037,197,872. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $35.28 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. Keurig Dr Pepper Inc. has a 1 year low of $33.35 and a 1 year high of $41.31. The company has a market cap of $49.62 billion, a PE ratio of 34.93, a PEG ratio of 2.96 and a beta of 0.57. The company’s 50-day moving average is $35.06 and its two-hundred day moving average is $36.48.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Keurig Dr Pepper had a net margin of 10.22% and a return on equity of 9.48%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.78 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. Keurig Dr Pepper’s payout ratio is presently 79.21%.

Analyst Ratings Changes

KDP has been the topic of several analyst reports. Citigroup initiated coverage on shares of Keurig Dr Pepper in a report on Thursday, February 16th. They issued a “neutral” rating and a $37.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Barclays reduced their price target on shares of Keurig Dr Pepper from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, February 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Keurig Dr Pepper from $38.00 to $36.00 in a research report on Monday, March 20th. Finally, Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Hold” and a consensus price target of $38.33.

About Keurig Dr Pepper

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.