IFP Advisors Inc Buys 433 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

IFP Advisors Inc lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,887 shares of the company’s stock after purchasing an additional 433 shares during the period. IFP Advisors Inc’s holdings in Keurig Dr Pepper were worth $96,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper in the third quarter worth about $25,000. LRI Investments LLC purchased a new stake in Keurig Dr Pepper in the third quarter worth about $35,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper in the third quarter worth about $61,000. Catalyst Capital Advisors LLC lifted its stake in Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after acquiring an additional 684 shares during the period. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper in the fourth quarter worth about $70,000. 93.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.30 on Thursday. The firm has a market capitalization of $45.18 billion, a P/E ratio of 20.18, a PEG ratio of 2.42 and a beta of 0.61. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $32.01 and a 200 day moving average price of $33.89. Keurig Dr Pepper Inc. has a 52 week low of $28.62 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.76%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

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.