Fulcrum Capital LLC Purchases 1,062 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fulcrum Capital LLC increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,457 shares of the company’s stock after buying an additional 1,062 shares during the period. Fulcrum Capital LLC’s holdings in Keurig Dr Pepper were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KDP. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC increased its stake in shares of Keurig Dr Pepper by 105.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the period. Federated Hermes Inc. raised its position in shares of Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper during the third quarter valued at $61,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 1.4 %

Shares of KDP traded up $0.43 during mid-day trading on Monday, hitting $30.81. 6,755,942 shares of the company’s stock were exchanged, compared to its average volume of 7,242,234. The company has a 50-day simple moving average of $32.45 and a 200 day simple moving average of $34.27. 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 company has a market cap of $41.79 billion, a PE ratio of 18.67, a P/E/G ratio of 2.59 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting 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 company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company earned $0.48 EPS. Keurig Dr Pepper’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on KDP. Barclays dropped their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Citigroup dropped their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.93.

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.