Foster Victor Wealth Advisors LLC raised its stake in Keurig Dr Pepper Inc (NYSE:KDP) by 186.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,574 shares of the company’s stock after buying an additional 58,351 shares during the quarter. Keurig Dr Pepper accounts for about 1.4% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 19th largest position. Foster Victor Wealth Advisors LLC’s holdings in Keurig Dr Pepper were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in KDP. Raymond James Financial Services Advisors Inc. lifted its stake in Keurig Dr Pepper by 69.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,922 shares of the company’s stock valued at $613,000 after buying an additional 9,007 shares during the period. Great West Life Assurance Co. Can lifted its stake in Keurig Dr Pepper by 3.3% in the first quarter. Great West Life Assurance Co. Can now owns 41,548 shares of the company’s stock valued at $1,156,000 after buying an additional 1,310 shares during the period. First Trust Advisors LP lifted its stake in Keurig Dr Pepper by 3.0% in the first quarter. First Trust Advisors LP now owns 712,912 shares of the company’s stock valued at $19,940,000 after buying an additional 20,641 shares during the period. AJO LP acquired a new position in Keurig Dr Pepper in the first quarter valued at about $435,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Keurig Dr Pepper in the first quarter valued at about $432,000. 19.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Keurig Dr Pepper stock traded up $0.31 during trading hours on Friday, hitting $27.95. The company’s stock had a trading volume of 110,596 shares, compared to its average volume of 2,540,271. Keurig Dr Pepper Inc has a 12 month low of $22.51 and a 12 month high of $31.06. The stock has a 50 day moving average of $27.21 and a 200 day moving average of $28.14. The company has a market capitalization of $37.88 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.44 and a beta of 0.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.33 and a quick ratio of 0.23.
Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the company earned $1.30 earnings per share. The company’s revenue for the quarter was up 196.3% compared to the same quarter last year. Equities analysts expect that Keurig Dr Pepper Inc will post 1.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.15%. Keurig Dr Pepper’s payout ratio is presently 57.69%.
KDP has been the topic of several analyst reports. SunTrust Banks set a $35.00 target price on Keurig Dr Pepper and gave the company a “buy” rating in a research note on Friday, September 27th. Guggenheim reissued a “hold” rating on shares of Keurig Dr Pepper in a research note on Friday, September 27th. BMO Capital Markets upgraded Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $34.00 in a report on Monday, June 17th. Bank of America increased their price target on Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, ValuEngine upgraded Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.27.
In other news, Director Robert S. Singer acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $28.65 per share, for a total transaction of $85,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Andrew Loucks acquired 18,554 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $28.31 per share, with a total value of $525,263.74. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 74,727 shares of company stock valued at $1,771,801. 0.44% of the stock is owned by corporate insiders.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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