Fulcrum Equity Management Invests $30,000 in Keurig Dr Pepper Inc (NYSE:KDP)

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.

Several analysts have recently commented on the company. Guggenheim reissued a “hold” rating on shares of Keurig Dr Pepper in a research note on Friday, September 27th. Credit Suisse Group assumed coverage on Keurig Dr Pepper in a research note on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 price objective for the company. ValuEngine raised Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. SunTrust Banks set a $35.00 target price on Keurig Dr Pepper and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Morgan Stanley upped their target price on Keurig Dr Pepper from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.57.

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.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NYSE:KDP)

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