SageView Advisory Group LLC Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

SageView Advisory Group LLC purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,511 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors have also made changes to their positions in the company. PBCay One RSC Ltd bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $1,543,000. Goldman Sachs Group Inc. increased its holdings in shares of Keurig Dr Pepper by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,947,266 shares of the company’s stock valued at $164,843,000 after acquiring an additional 294,984 shares during the last quarter. Syon Capital LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $269,000. Auxier Asset Management increased its holdings in shares of Keurig Dr Pepper by 8.7% in the 4th quarter. Auxier Asset Management now owns 47,299 shares of the company’s stock valued at $1,576,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $141,000. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Royal Bank of Canada reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Barclays boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Morgan Stanley reduced their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Finally, Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.62.

Insider Transactions at Keurig Dr Pepper

In other news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now directly owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock valued at $2,750,739 over the last three months. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Down 0.8 %

KDP opened at $34.21 on Friday. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. The stock’s fifty day moving average is $33.45 and its 200-day moving average is $32.00. The company has a market capitalization of $46.37 billion, a PE ratio of 22.07, a P/E/G ratio of 2.61 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

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.