Keurig Dr Pepper Inc. (NASDAQ:KDP) Stake Raised by Plato Investment Management Ltd

Plato Investment Management Ltd increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,185 shares of the company’s stock after acquiring an additional 19,739 shares during the period. Plato Investment Management Ltd’s holdings in Keurig Dr Pepper were worth $2,263,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper in the 3rd quarter worth about $25,000. LRI Investments LLC purchased a new stake in Keurig Dr Pepper in the 3rd quarter worth about $35,000. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter worth about $37,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper in the 3rd quarter worth about $61,000. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper in the 4th quarter worth about $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $34.13 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61. The business’s 50-day simple moving average is $31.97 and its 200-day simple moving average is $33.90. Keurig Dr Pepper Inc. has a 52 week low of $28.62 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on KDP. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley raised their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, TD Cowen cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

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.