Foster Victor Wealth Advisors LLC Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Foster Victor Wealth Advisors LLC raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 418,068 shares of the company’s stock after buying an additional 21,202 shares during the period. Keurig Dr Pepper accounts for 1.4% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Keurig Dr Pepper were worth $13,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $245,000. Morgan Stanley boosted its holdings in Keurig Dr Pepper by 15.0% in the 3rd quarter. Morgan Stanley now owns 7,994,795 shares of the company’s stock worth $252,396,000 after buying an additional 1,044,167 shares during the period. Amalgamated Bank boosted its holdings in Keurig Dr Pepper by 11.4% in the 3rd quarter. Amalgamated Bank now owns 251,335 shares of the company’s stock worth $7,935,000 after buying an additional 25,738 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Keurig Dr Pepper by 75.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 725,908 shares of the company’s stock worth $22,917,000 after buying an additional 311,726 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Keurig Dr Pepper by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 6,998,208 shares of the company’s stock worth $220,933,000 after buying an additional 35,071 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert James Gamgort acquired 171,821 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 over the last three months. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KDP. HSBC began coverage on shares of Keurig Dr Pepper in a report on Friday, December 22nd. They issued a “hold” rating and a $37.00 price objective for the company. Barclays cut their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Royal Bank of Canada cut their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wedbush cut their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Morgan Stanley lowered their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $36.27.

Read Our Latest Stock Analysis on KDP

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded up $0.08 during mid-day trading on Friday, reaching $30.67. 7,269,484 shares of the company were exchanged, compared to its average volume of 14,585,744. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.99. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $42.56 billion, a PE ratio of 19.79, a PEG ratio of 2.33 and a beta of 0.66. The company’s 50 day moving average price is $30.46 and its 200 day moving average price is $31.19.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

About Keurig Dr Pepper

(Free Report)

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.

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

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