Zuckerman Investment Group LLC Invests $279,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zuckerman Investment Group LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,776 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $26,000. Coston McIsaac & Partners acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $31,000. Massmutual Trust Co. FSB ADV grew its stake in Keurig Dr Pepper by 193.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,116 shares of the company’s stock valued at $40,000 after buying an additional 736 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at $48,000. Finally, Covestor Ltd grew its stake in Keurig Dr Pepper by 124.9% in the 1st quarter. Covestor Ltd now owns 1,592 shares of the company’s stock valued at $60,000 after buying an additional 884 shares during the last quarter. Institutional investors and hedge funds own 52.29% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of research analyst reports. Wedbush initiated coverage on shares of Keurig Dr Pepper in a research note on Monday, October 10th. They issued an “outperform” rating and a $43.00 target price on the stock. StockNews.com lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Barclays raised their target price on shares of Keurig Dr Pepper from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, October 31st. The Goldman Sachs Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “neutral” rating and lowered their target price for the company from $39.00 to $37.00 in a research note on Tuesday, September 27th. Finally, Truist Financial lowered shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating and lowered their target price for the company from $40.00 to $30.00 in a research note on Monday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and an average target price of $39.63.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded down $0.20 during mid-day trading on Wednesday, reaching $34.78. The company had a trading volume of 435,522 shares, compared to its average volume of 6,284,539. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.46. Keurig Dr Pepper Inc. has a 52 week low of $33.35 and a 52 week high of $41.31. The company has a 50 day moving average of $36.68 and a 200-day moving average of $37.42. The firm has a market cap of $49.26 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 2.87 and a beta of 0.64.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Keurig Dr Pepper had a net margin of 13.38% and a return on equity of 9.20%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.69 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, January 5th. Keurig Dr Pepper’s payout ratio is 62.50%.

Insider Transactions at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 275,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $38.40, for a total transaction of $10,560,000.00. Following the completion of the transaction, the chairman now directly owns 3,703,186 shares of the company’s stock, valued at approximately $142,202,342.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Robert James Gamgort sold 275,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $38.40, for a total transaction of $10,560,000.00. Following the completion of the transaction, the chairman now directly owns 3,703,186 shares of the company’s stock, valued at approximately $142,202,342.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sudhanshu Shekhar Priyadarshi acquired 10,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 18th. The shares were acquired at an average cost of $35.00 per share, with a total value of $350,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $350,000. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Company Profile

(Get Rating)

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.

Featured Stories

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. (NASDAQ:KDPGet Rating).

Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ: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.