Fiduciary Family Office LLC Makes New $345,000 Investment in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Fiduciary Family Office LLC acquired a new stake in Keurig Dr Pepper, purchasing 10,095 shares for approximately $345,000 in the first quarter.
• Multiple institutional investors have increased their holdings in Keurig Dr Pepper, with total institutional ownership now at 93.99%.
• Keurig Dr Pepper declared a quarterly dividend of $0.23, resulting in an annualized dividend yield of 2.7% and a dividend payout ratio of 82.14%.

Fiduciary Family Office LLC acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,095 shares of the company's stock, valued at approximately $345,000.

Other large investors have also modified their holdings of the company. Townsquare Capital LLC boosted its position in shares of Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after acquiring an additional 327 shares in the last quarter. Commerce Bank lifted its stake in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company's stock worth $736,000 after acquiring an additional 340 shares during the period. First American Bank lifted its stake in shares of Keurig Dr Pepper by 0.6% in the 1st quarter. First American Bank now owns 59,564 shares of the company's stock worth $2,038,000 after acquiring an additional 344 shares during the period. Allworth Financial LP lifted its stake in shares of Keurig Dr Pepper by 3.8% in the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company's stock worth $353,000 after acquiring an additional 371 shares during the period. Finally, Citadel Investment Advisory Inc. lifted its stake in shares of Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KDP shares. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. UBS Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price 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. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.77.

Insider Activity

In related news, Director De Ven Michael G. Van acquired 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at $498,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company's stock, 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. In the last three months, insiders have sold 672,000 shares of company stock worth $22,235,760. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Up 0.5%

Shares of NASDAQ KDP traded up $0.19 during mid-day trading on Tuesday, reaching $34.81. The company had a trading volume of 7,705,961 shares, compared to its average volume of 10,111,649. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28. 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 stock has a fifty day moving average of $33.38 and a two-hundred day moving average of $33.48. The company has a market capitalization of $47.29 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.52 and a beta of 0.45.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's payout ratio is 82.14%.

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.