Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Huntington National Bank

Huntington National Bank increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,938 shares of the company’s stock after buying an additional 435 shares during the period. Huntington National Bank’s holdings in Keurig Dr Pepper were worth $148,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. CX Institutional boosted its stake in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock valued at $305,000 after buying an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Keurig Dr Pepper by 3.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after acquiring an additional 300 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares during the last quarter. Federated Hermes Inc. lifted its stake in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in Keurig Dr Pepper by 29.0% during the 2nd quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock worth $53,000 after acquiring an additional 392 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 5.2 %

Shares of Keurig Dr Pepper stock opened at $31.66 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market capitalization of $42.95 billion, a P/E ratio of 19.19, a PEG ratio of 2.45 and a beta of 0.63. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The company’s fifty day moving average is $35.73 and its two-hundred day moving average is $34.78.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $0.48 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared 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 is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Analyst Ratings Changes

KDP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Barclays cut their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company cut their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. 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 data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $38.36.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the sale, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

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.