Fulcrum Equity Management acquired a new position in Keurig Dr Pepper Inc (NYSE:KDP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,098 shares of the company’s stock, valued at approximately $30,000.
Several other institutional investors also recently modified their holdings of the company. Strs Ohio raised its stake in shares of Keurig Dr Pepper by 0.4% in the third quarter. Strs Ohio now owns 105,055 shares of the company’s stock worth $2,870,000 after purchasing an additional 405 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Keurig Dr Pepper by 1.2% in the third quarter. Great West Life Assurance Co. Can now owns 42,528 shares of the company’s stock worth $1,163,000 after purchasing an additional 510 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Keurig Dr Pepper by 7.3% in the third quarter. Raymond James Trust N.A. now owns 8,349 shares of the company’s stock worth $228,000 after purchasing an additional 570 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Keurig Dr Pepper by 32.8% in the third quarter. Parallel Advisors LLC now owns 2,634 shares of the company’s stock worth $72,000 after purchasing an additional 650 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of Keurig Dr Pepper by 1.7% in the third quarter. Winslow Evans & Crocker Inc. now owns 42,148 shares of the company’s stock worth $1,154,000 after purchasing an additional 716 shares during the last quarter. 19.50% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Brian Andrew Loucks acquired 18,554 shares of Keurig Dr Pepper stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $28.31 per share, with a total value of $525,263.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Beth Denooyer acquired 6,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $26.78 per share, with a total value of $160,680.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 102,727 shares of company stock valued at $2,523,321. 0.44% of the stock is currently owned by corporate insiders.
Shares of KDP stock traded up $0.16 during trading on Tuesday, hitting $29.15. The company’s stock had a trading volume of 1,360,302 shares, compared to its average volume of 2,211,215. The company has a market cap of $40.78 billion, a PE ratio of 28.02, a P/E/G ratio of 1.57 and a beta of 0.45. The company has a current ratio of 0.35, a quick ratio of 0.23 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $27.67 and a 200-day moving average of $28.25. Keurig Dr Pepper Inc has a 52 week low of $24.52 and a 52 week high of $32.00.
Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Thursday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.86 billion. Keurig Dr Pepper had a return on equity of 7.27% and a net margin of 10.13%. Keurig Dr Pepper’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, research analysts predict that Keurig Dr Pepper Inc will post 1.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, October 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 57.69%.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
Recommended Story: What is total return in investing?
Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper Inc (NYSE:KDP).
Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.