328,502 Keurig Dr Pepper, Inc $KDP Shares Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 39.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,160,175 shares of the company’s stock after purchasing an additional 328,502 shares during the period. Eurizon Capital SGR S.p.A. owned 0.09% of Keurig Dr Pepper worth $35,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Community Bank N.A. purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth $29,000. Meeder Asset Management Inc. grew its position in shares of Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 759 shares in the last quarter. Covestor Ltd grew its position in shares of Keurig Dr Pepper by 214.2% during the 3rd quarter. Covestor Ltd now owns 1,194 shares of the company’s stock worth $36,000 after buying an additional 814 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Keurig Dr Pepper by 216.2% during the third quarter. Fortitude Family Office LLC now owns 1,565 shares of the company’s stock valued at $47,000 after buying an additional 1,070 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter valued at $54,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP opened at $36.34 on Friday. The firm has a market capitalization of $49.46 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.52 and a quick ratio of 0.32. The business’s 50-day moving average is $33.33 and its two-hundred day moving average is $30.43. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. Keurig Dr Pepper had a net margin of 7.12% and a return on equity of 11.27%. The business had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.33 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 70.6% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.31 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Monday, September 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 84.40%.

Analyst Ratings Changes

A number of analysts recently weighed in on KDP shares. Barclays upped their price objective on shares of Keurig Dr Pepper from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Deutsche Bank raised their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, August 7th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, November 4th. Finally, HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the stock from $37.00 to $40.00 in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.29.

Key Stories Impacting Keurig Dr Pepper

These are some of the KDP stories that stood out recently:

• Positive Sentiment: Dr Pepper secured fountain distribution at Jersey Mike’s, expanding its foodservice reach and creating a potential avenue for brand growth. Article: Can Keurig’s New Fountain Distribution Gains Boost Its Reach?
• Neutral Sentiment: KDP priced its public offering of 57.97 million shares at $34.50 each, raising about $2 billion. The company says it plans to use the proceeds to reduce debt, ahead of a planned business separation. Debt reduction could strengthen the balance sheet, though the equity financing has a dilutive trade-off. Article: Keurig Dr Pepper Announces Pricing of Public Offering of Common Stock
• Negative Sentiment: The offering adds a substantial number of new shares, diluting existing shareholders. Its $34.50 per-share price may also weigh on the stock by setting a lower reference price for investors; reports linked the offering to a decline in KDP shares. Article: Keurig Dr Pepper Shares Decline Following Pricing of Share Offering

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 9,500 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president owned 55,786 shares in the company, valued at approximately $1,824,202.20. This represents a 14.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aaron E. Alt acquired 7,862 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $31.83 per share, with a total value of $250,247.46. Following the acquisition, the director owned 7,862 shares in the company, valued at approximately $250,247.46. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.34% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc. (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods. The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.