Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by ICW Investment Advisors LLC

ICW Investment Advisors LLC grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,689 shares of the company’s stock after purchasing an additional 1,548 shares during the period. ICW Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $35,000. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter worth about $37,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth about $61,000. R Squared Ltd purchased a new stake in Keurig Dr Pepper during the 4th quarter worth about $70,000. Finally, Cromwell Holdings LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter worth about $77,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $33.55 on Monday. Keurig Dr Pepper Inc. has a twelve month low of $29.86 and a twelve month high of $38.28. The stock has a market capitalization of $45.52 billion, a P/E ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average price is $32.44 and its 200 day moving average price is $33.63.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research report on Thursday, February 27th. TD Cowen reduced their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Insiders Place Their Bets

In other news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. The trade was a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,397,350 shares of company stock worth $2,756,292,570 over the last quarter. 1.00% of the stock is owned by corporate insiders.

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.