Mather Group LLC. Purchases Shares of 1,350 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mather Group LLC. bought a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,350 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Morningstar Investment Management LLC boosted its position in shares of Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after acquiring an additional 328 shares in the last quarter. Kentucky Retirement Systems lifted its stake in Keurig Dr Pepper by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after purchasing an additional 344 shares during the last quarter. Operose Advisors LLC lifted its stake in Keurig Dr Pepper by 28.7% in the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the last quarter. Mckinley Capital Management LLC lifted its stake in Keurig Dr Pepper by 1.3% in the 3rd quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after purchasing an additional 470 shares during the last quarter. Finally, Czech National Bank lifted its stake in Keurig Dr Pepper by 0.3% in the 4th quarter. Czech National Bank now owns 176,335 shares of the company’s stock valued at $5,875,000 after purchasing an additional 502 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

KDP has been the subject of several research reports. Morgan Stanley dropped their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a research note on Monday. They set a “neutral” rating and a $36.00 price target for the company. Barclays raised their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. UBS Group raised their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

Insiders Place Their Bets

In other news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,520 shares of company stock valued at $2,750,739. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 0.8 %

Shares of NASDAQ KDP opened at $34.67 on Tuesday. The stock has a market capitalization of $47.00 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.59 and a beta of 0.61. The company has a 50-day moving average price of $33.60 and a 200-day moving average price of $32.03. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Keurig Dr Pepper 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.