Raymond James Financial Services Advisors Inc. lifted its holdings in Keurig Dr Pepper Inc (NYSE:KDP) by 15.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,915 shares of the company’s stock after acquiring an additional 1,753 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Keurig Dr Pepper were worth $331,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in KDP. TCI Wealth Advisors Inc. grew its stake in shares of Keurig Dr Pepper by 1,732.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,034 shares of the company’s stock valued at $52,000 after acquiring an additional 1,923 shares in the last quarter. Moody National Bank Trust Division bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $128,000. Sit Investment Associates Inc. lifted its position in Keurig Dr Pepper by 29.2% during the fourth quarter. Sit Investment Associates Inc. now owns 5,750 shares of the company’s stock worth $147,000 after purchasing an additional 1,300 shares during the period. IMS Capital Management bought a new stake in Keurig Dr Pepper during the third quarter worth about $148,000. Finally, Exencial Wealth Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 12.88% of the company’s stock.
Several equities research analysts recently weighed in on KDP shares. Barclays reaffirmed a “buy” rating and set a $31.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, March 19th. UBS Group started coverage on shares of Keurig Dr Pepper in a research report on Thursday, December 13th. They set a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research cut shares of Keurig Dr Pepper from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 10th. ValuEngine cut shares of Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a research report on Monday, January 7th. Finally, Macquarie raised shares of Keurig Dr Pepper from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $24.00 to $30.00 in a research report on Tuesday, December 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Keurig Dr Pepper presently has a consensus rating of “Hold” and a consensus target price of $28.39.
KDP stock opened at $27.70 on Tuesday. The stock has a market capitalization of $39.34 billion, a PE ratio of 26.63, a P/E/G ratio of 1.52 and a beta of 0.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.38 and a quick ratio of 0.27. Keurig Dr Pepper Inc has a 12 month low of $20.46 and a 12 month high of $124.36.
Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Thursday, February 28th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Keurig Dr Pepper had a net margin of 9.53% and a return on equity of 11.13%. As a group, analysts anticipate that Keurig Dr Pepper Inc will post 1.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.17%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 57.69%.
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About Keurig Dr Pepper
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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