Advisor Group Holdings Inc. Raises Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Advisor Group Holdings Inc. grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 16.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 188,879 shares of the company’s stock after buying an additional 25,993 shares during the period. Advisor Group Holdings Inc.’s holdings in Keurig Dr Pepper were worth $6,964,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KDP. Amundi Pioneer Asset Management Inc. raised its holdings in Keurig Dr Pepper by 124.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 56,049 shares of the company’s stock worth $1,567,000 after buying an additional 31,025 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Keurig Dr Pepper during the third quarter valued at approximately $387,000. Signaturefd LLC raised its holdings in shares of Keurig Dr Pepper by 26.4% during the third quarter. Signaturefd LLC now owns 5,367 shares of the company’s stock valued at $183,000 after purchasing an additional 1,121 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Keurig Dr Pepper by 32.0% during the third quarter. Vontobel Holding Ltd. now owns 12,311 shares of the company’s stock valued at $421,000 after purchasing an additional 2,986 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Keurig Dr Pepper by 111.4% during the third quarter. Commonwealth Equity Services LLC now owns 53,713 shares of the company’s stock valued at $1,834,000 after purchasing an additional 28,303 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

In other news, insider Justin Whitmore bought 6,355 shares of Keurig Dr Pepper stock in a transaction dated Friday, February 25th. The shares were acquired at an average price of $37.72 per share, with a total value of $239,710.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Herbert Derek Hopkins sold 37,500 shares of the company’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $37.70, for a total transaction of $1,413,750.00. Following the completion of the transaction, the insider now owns 212,110 shares in the company, valued at $7,996,547. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Separately, Truist Financial cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Tuesday, March 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $38.38.

KDP opened at $37.00 on Friday. The firm has a market cap of $52.47 billion, a P/E ratio of 24.67, a PEG ratio of 3.42 and a beta of 0.66. Keurig Dr Pepper Inc. has a 1-year low of $32.44 and a 1-year high of $39.35. The company has a 50 day simple moving average of $37.76 and a two-hundred day simple moving average of $36.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.47 and a quick ratio of 0.33.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last issued its earnings results on Thursday, February 24th. The company reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 16.92% and a return on equity of 9.35%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, March 31st. Keurig Dr Pepper’s payout ratio is 50.00%.

Keurig Dr Pepper Company Profile (Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

See Also

Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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