Krilogy Financial LLC Purchases Shares of 28,297 Keurig Dr Pepper, Inc $KDP

Krilogy Financial LLC acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 28,297 shares of the company’s stock, valued at approximately $756,000.

Several other large investors have also made changes to their positions in KDP. Norges Bank bought a new position in Keurig Dr Pepper in the 2nd quarter worth approximately $568,525,000. Vanguard Group Inc. grew its stake in shares of Keurig Dr Pepper by 9.8% in the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after acquiring an additional 14,244,768 shares during the last quarter. Invesco Ltd. increased its position in Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock worth $1,040,320,000 after acquiring an additional 9,494,503 shares during the period. State Street Corp raised its stake in Keurig Dr Pepper by 11.2% during the 2nd quarter. State Street Corp now owns 63,608,006 shares of the company’s stock valued at $2,117,279,000 after purchasing an additional 6,412,494 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Keurig Dr Pepper by 13.5% during the 2nd quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after purchasing an additional 3,595,579 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of several research reports. UBS Group restated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Wells Fargo & Company lifted their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Insider Activity

In other news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Down 0.7%

NASDAQ KDP opened at $29.69 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.05 and a beta of 0.34. The stock’s 50 day moving average is $28.13 and its two-hundred day moving average is $28.51. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.