Creative Planning grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 82.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,875 shares of the company’s stock after purchasing an additional 13,523 shares during the period. Creative Planning’s holdings in Keurig Dr Pepper were worth $1,065,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $33,000. Ronald Blue Trust Inc. increased its holdings in shares of Keurig Dr Pepper by 94.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,013 shares of the company’s stock worth $36,000 after buying an additional 491 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 17,085.7% in the 3rd quarter. Atlas Capital Advisors LLC now owns 1,203 shares of the company’s stock worth $43,000 after buying an additional 1,196 shares during the last quarter. Exos TFP Holdings LLC bought a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $43,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $49,000. Institutional investors own 52.29% of the company’s stock.
Wall Street Analyst Weigh In
KDP has been the subject of a number of research reports. StockNews.com raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research note on Monday, May 15th. Citigroup initiated coverage on shares of Keurig Dr Pepper in a research note on Thursday, February 16th. They issued a “neutral” rating and a $37.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $40.00 to $41.00 in a research note on Tuesday, April 18th. Barclays cut their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 in a research note on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $36.00 to $35.00 in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.56.
Keurig Dr Pepper Stock Down 0.4 %
Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Keurig Dr Pepper had a net margin of 9.20% and a return on equity of 9.52%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.78 earnings per share for the current year.
Keurig Dr Pepper Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, June 29th. Keurig Dr Pepper’s dividend payout ratio is 86.02%.
Insider Activity
In related news, insider Anthony Shoemaker acquired 5,297 shares of the stock in a transaction on Wednesday, March 15th. The stock was acquired at an average price of $34.82 per share, for a total transaction of $184,441.54. Following the completion of the purchase, the insider now owns 62,297 shares of the company’s stock, valued at $2,169,181.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Anthony Shoemaker bought 5,297 shares of the firm’s stock in a transaction 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 completion of the acquisition, the insider now owns 62,297 shares of the company’s stock, valued at $2,169,181.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Maria A. Sceppaguercio-Gever sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $33.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider now owns 151,555 shares in the company, valued at approximately $5,001,315. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 31,741 shares of company stock worth $1,079,746 and sold 34,000 shares worth $1,112,260. Company insiders own 0.81% of the company’s stock.
About Keurig Dr Pepper
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.
Read More
- Get a free copy of the StockNews.com research report on Keurig Dr Pepper (KDP)
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