Cetera Investment Advisers Purchases 52,830 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Cetera Investment Advisers increased its stake in Keurig Dr Pepper by 29.4% in the first quarter, owning a total of 232,571 shares worth approximately $7.96 million.
• Several institutional investors also boosted their holdings, with notable increases such as Pinnacle Associates Ltd. increasing their stake by 80.5%, and AE Wealth Management LLC by 118.4% during the same period.
• Keurig Dr Pepper announced a quarterly dividend of $0.23 per share, translating to an annual yield of 2.8%, with a reported dividend payout ratio of 82.14%.

Cetera Investment Advisers boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 29.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 232,571 shares of the company's stock after buying an additional 52,830 shares during the period. Cetera Investment Advisers' holdings in Keurig Dr Pepper were worth $7,959,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KDP. Blair William & Co. IL grew its position in shares of Keurig Dr Pepper by 46.1% during the 4th quarter. Blair William & Co. IL now owns 11,729 shares of the company's stock worth $377,000 after purchasing an additional 3,700 shares in the last quarter. New Age Alpha Advisors LLC grew its position in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Keurig Dr Pepper by 87.2% during the 4th quarter. Schroder Investment Management Group now owns 708,669 shares of the company's stock worth $22,649,000 after purchasing an additional 330,153 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Keurig Dr Pepper by 11.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 64,506 shares of the company's stock worth $2,007,000 after purchasing an additional 6,659 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KDP shares. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Barclays increased their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus target price of $39.77.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the transaction, the vice president directly owned 62,411 shares of the company's stock, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 478,500 shares of company stock worth $15,889,040 over the last ninety days. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.23 on Tuesday, hitting $33.51. The company had a trading volume of 3,544,070 shares, compared to its average volume of 12,210,512. The stock has a market capitalization of $45.52 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.43 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $33.27 and a two-hundred day moving average of $33.38. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

Keurig Dr Pepper Company Profile

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.