Concurrent Investment Advisors LLC Buys 7,980 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Concurrent Investment Advisors LLC raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 79.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,057 shares of the company’s stock after purchasing an additional 7,980 shares during the period. Concurrent Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares during the period. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after acquiring an additional 7,825,418 shares during the period. Dimensional Fund Advisors LP raised its holdings in Keurig Dr Pepper by 41.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock valued at $212,901,000 after acquiring an additional 1,878,597 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Keurig Dr Pepper during the second quarter worth $37,643,000. Finally, Armistice Capital LLC boosted its holdings in shares of Keurig Dr Pepper by 186.3% in the second quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock worth $49,635,000 after acquiring an additional 966,924 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of analyst reports. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped 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. JPMorgan Chase & Co. cut 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 report on Friday, October 25th. TD Cowen upped their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada raised their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $38.36.

Insider Buying and Selling

In other Keurig Dr Pepper 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 shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 0.1 %

Shares of KDP stock opened at $32.88 on Friday. The business has a 50-day moving average price of $36.12 and a two-hundred day moving average price of $34.76. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. 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 firm has a market cap of $44.60 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Keurig Dr Pepper’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 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.