Geneos Wealth Management Inc. Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Geneos Wealth Management Inc. increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,699 shares of the company’s stock after buying an additional 5,994 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Keurig Dr Pepper were worth $4,905,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Keurig Dr Pepper by 9.8% in the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp raised its position in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after buying an additional 4,970,467 shares during the last quarter. Geode Capital Management LLC raised its position in Keurig Dr Pepper by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock worth $841,886,000 after buying an additional 591,316 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Keurig Dr Pepper by 5.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after acquiring an additional 730,297 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Keurig Dr Pepper by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock valued at $333,057,000 after acquiring an additional 609,857 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KDP. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price objective for the company. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Insider Buying and Selling at Keurig Dr Pepper

In other 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 shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $31.15 on Friday. The stock has a market cap of $42.25 billion, a PE ratio of 18.88, a P/E/G ratio of 2.19 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a fifty day simple moving average of $32.12 and a 200-day simple moving average of $34.14. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 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 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.95%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

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.