Assetmark Inc. Purchases 2,706 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Assetmark Inc. lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,380 shares of the company’s stock after buying an additional 2,706 shares during the quarter. Assetmark Inc.’s holdings in Keurig Dr Pepper were worth $1,233,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after buying an additional 9,105,164 shares in the last quarter. State Street Corp boosted its stake in Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after acquiring an additional 4,970,467 shares in the last quarter. National Bank of Canada FI grew its holdings in Keurig Dr Pepper by 394.3% in the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after purchasing an additional 1,956,138 shares during the period. King Luther Capital Management Corp increased its stake in Keurig Dr Pepper by 125.5% in the third quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after purchasing an additional 767,298 shares in the last quarter. Finally, Suvretta Capital Management LLC acquired a new position in shares of Keurig Dr Pepper during the third quarter valued at about $26,352,000. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price on the stock. Morgan Stanley lifted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, TD Cowen lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Trading Up 2.2 %

NASDAQ:KDP opened at $33.24 on Wednesday. Keurig Dr Pepper Inc. has a 52 week low of $28.62 and a 52 week high of $38.28. The firm has a 50-day moving average price of $32.09 and a two-hundred day moving average price of $33.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market cap of $45.10 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.77%. Keurig Dr Pepper’s payout ratio is currently 87.62%.

Insider Buying and Selling

In related news, Chairman Robert James Gamgort sold 416,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,385,350 shares of company stock worth $2,755,891,890. Insiders own 1.00% of the company’s stock.

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.