National Wealth Management Group LLC Takes $353,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Wealth Management Group LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the third quarter, according to its most recent filing with the SEC. The firm bought 9,418 shares of the company’s stock, valued at approximately $353,000.

Several other hedge funds have also bought and sold shares of the business. Swedbank AB increased its holdings in Keurig Dr Pepper by 57.7% during the 3rd quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after purchasing an additional 268,555 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Keurig Dr Pepper by 0.7% during the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock valued at $122,038,000 after buying an additional 22,657 shares during the last quarter. LMR Partners LLP grew its holdings in Keurig Dr Pepper by 55.5% during the third quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock worth $19,527,000 after buying an additional 186,002 shares in the last quarter. Curi RMB Capital LLC raised its position in Keurig Dr Pepper by 9.4% in the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock valued at $23,539,000 after buying an additional 54,167 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in Keurig Dr Pepper by 5.9% during the 2nd quarter. TCW Group Inc. now owns 391,379 shares of the company’s stock valued at $13,072,000 after acquiring an additional 21,726 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $32.58 on Thursday. 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 market cap of $44.19 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The firm’s 50-day simple moving average is $34.92 and its two-hundred day simple moving average is $34.68.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $3.89 billion for 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%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.82%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Wall Street Analysts Forecast Growth

KDP has been the subject of several analyst reports. Barclays lowered their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, TD Cowen lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.36.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

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.