Advisor OS LLC Increases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Advisor OS LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 21.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,630 shares of the company’s stock after buying an additional 4,410 shares during the period. Advisor OS LLC’s holdings in Keurig Dr Pepper were worth $791,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KDP. FMR LLC raised its holdings in shares of Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp grew its position in Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. National Bank of Canada FI raised its stake in Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after buying an additional 1,956,138 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Keurig Dr Pepper by 125.5% during the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after buying an additional 767,298 shares during the period. Finally, Suvretta Capital Management LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $26,352,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.74 on Thursday. 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 firm has a market cap 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 12 month low of $28.61 and a 12 month high of $38.28. The stock has a fifty day moving average price of $31.88 and a 200-day moving average price of $33.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results 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 period last year, the business posted $0.55 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of research reports. Piper Sandler began coverage on Keurig Dr Pepper in a research report on Tuesday. They set a “neutral” rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Barclays reissued an “overweight” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday. TD Cowen reduced their target price on shares of 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 increased their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Keurig Dr Pepper Company 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.