Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 212.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,754 shares of the company’s stock after acquiring an additional 78,752 shares during the period. Intech Investment Management LLC’s holdings in Keurig Dr Pepper were worth $4,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Keurig Dr Pepper by 44.7% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 550,749 shares of the company’s stock worth $20,642,000 after purchasing an additional 170,141 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Keurig Dr Pepper by 125.5% during 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 buying an additional 767,298 shares during the period. Cornerstone Advisors LLC boosted its position in Keurig Dr Pepper by 11.2% during the third quarter. Cornerstone Advisors LLC now owns 49,800 shares of the company’s stock worth $1,867,000 after acquiring an additional 5,000 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Keurig Dr Pepper by 18.8% during the third quarter. First Horizon Advisors Inc. now owns 5,868 shares of the company’s stock worth $220,000 after acquiring an additional 928 shares during the last quarter. Finally, West Family Investments Inc. acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at $310,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Trading Up 1.3 %

Shares of KDP opened at $32.66 on Friday. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The stock’s 50-day moving average is $35.20 and its two-hundred day moving average is $34.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market cap of $44.30 billion, a PE ratio of 19.79, a P/E/G ratio of 2.44 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $0.48 EPS. Keurig Dr Pepper’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.82%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KDP. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. TD Cowen upped their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $38.36.

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.