Callan Family Office LLC Purchases 21,168 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Callan Family Office LLC increased its investment in Keurig Dr Pepper by 290.4%, acquiring an additional 21,168 shares during the 2nd quarter, bringing its total holdings to 28,458 shares valued at approximately $941,000.
• Other institutional investors, including Vanguard Group and JPMorgan Chase, have also significantly increased their stakes in Keurig Dr Pepper, contributing to the fact that 93.99% of the stock is owned by institutional investors.
• Keurig Dr Pepper announced a quarterly dividend of $0.23, reflecting an annual yield of 3.6%, and has a dividend payout ratio of 82.14%.

Callan Family Office LLC grew its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 290.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,458 shares of the company's stock after buying an additional 21,168 shares during the quarter. Callan Family Office LLC's holdings in Keurig Dr Pepper were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after buying an additional 25,425,644 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after purchasing an additional 20,196,835 shares during the last quarter. Invesco Ltd. grew its stake in shares of Keurig Dr Pepper by 1.7% during the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company's stock valued at $751,920,000 after purchasing an additional 367,518 shares during the last quarter. Northern Trust Corp grew its stake in shares of Keurig Dr Pepper by 0.8% during the first quarter. Northern Trust Corp now owns 13,712,677 shares of the company's stock valued at $469,248,000 after purchasing an additional 114,044 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Keurig Dr Pepper by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company's stock valued at $351,927,000 after purchasing an additional 358,350 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 435,601 shares of company stock worth $14,421,512. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Trading Down 0.1%

KDP opened at $25.82 on Monday. The firm's fifty day moving average is $29.39 and its two-hundred day moving average is $32.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The firm has a market cap of $35.07 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $37.27.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.6%. Keurig Dr Pepper's dividend payout ratio (DPR) is 82.14%.

Analysts Set New Price Targets

Several research firms have recently commented on KDP. UBS Group decreased their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, August 27th. Cowen reissued a "hold" rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. The Goldman Sachs Group decreased their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, October 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Tuesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $35.00.

About Keurig Dr Pepper

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.

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