Mather Group LLC. Purchases Shares of 1,350 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mather Group LLC. purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 1st quarter, Holdings Channel.com reports. The fund purchased 1,350 shares of the company’s stock, valued at approximately $45,000.

Several other large investors have also added to or reduced their stakes in KDP. Morningstar Investment Management LLC lifted its holdings in shares of Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after buying an additional 328 shares in the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after buying an additional 344 shares in the last quarter. Operose Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after buying an additional 373 shares in the last quarter. Mckinley Capital Management LLC lifted its holdings in shares of Keurig Dr Pepper by 1.3% in the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock worth $1,129,000 after buying an additional 470 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Keurig Dr Pepper by 0.3% in the fourth quarter. Czech National Bank now owns 176,335 shares of the company’s stock worth $5,875,000 after buying an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the sale, the insider now owns 12,565 shares in the company, valued at $429,597.35. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock valued at $2,750,739 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of several research analyst reports. Barclays boosted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. UBS Group boosted their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. TD Cowen upped their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company upped their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

Keurig Dr Pepper Trading Up 0.8 %

KDP stock opened at $34.67 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.00. The stock has a market capitalization of $47.00 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. The firm’s fifty day simple moving average is $33.60 and its two-hundred day simple moving average is $32.03.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.48%. 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.