CIBC Asset Management Inc acquired a new stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,169 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ledyard National Bank bought a new position in Keurig Dr Pepper during the third quarter valued at approximately $117,000. Whittier Trust Co. of Nevada Inc. bought a new position in Keurig Dr Pepper during the third quarter valued at approximately $116,000. KCM Investment Advisors LLC bought a new position in Keurig Dr Pepper during the second quarter valued at approximately $677,000. Harvest Fund Management Co. Ltd bought a new position in Keurig Dr Pepper during the third quarter valued at approximately $141,000. Finally, Cerebellum GP LLC bought a new position in Keurig Dr Pepper during the third quarter valued at approximately $188,000. 11.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on KDP shares. ValuEngine downgraded Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Guggenheim started coverage on Keurig Dr Pepper in a report on Thursday, September 13th. They set a “neutral” rating and a $22.00 price target on the stock. Zacks Investment Research upgraded Keurig Dr Pepper from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 18th. Citigroup increased their price target on Keurig Dr Pepper from $15.46 to $26.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Finally, Susquehanna Bancshares started coverage on Keurig Dr Pepper in a report on Wednesday, July 25th. They set a “positive” rating and a $33.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.38.

Shares of KDP stock opened at $28.52 on Monday. Keurig Dr Pepper Inc has a 12 month low of $20.46 and a 12 month high of $126.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.75 and a current ratio of 0.40. The company has a market cap of $39.54 billion, a price-to-earnings ratio of 6.28, a P/E/G ratio of 1.68 and a beta of 0.47.

Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. Keurig Dr Pepper had a net margin of 13.55% and a return on equity of 15.76%. Keurig Dr Pepper’s quarterly revenue was up 139.6% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc will post 1.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.10%. Keurig Dr Pepper’s payout ratio is 13.22%.

In related news, Director Robert S. Singer acquired 10,000 shares of the stock in a transaction dated Thursday, August 30th. The shares were acquired at an average price of $23.17 per share, for a total transaction of $231,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Andrew Loucks acquired 13,050 shares of the stock in a transaction dated Thursday, September 6th. The stock was bought at an average price of $22.86 per share, for a total transaction of $298,323.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 188,320 shares of company stock worth $4,399,673. 0.58% of the stock is currently owned by corporate insiders.

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Keurig Dr Pepper Profile

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

Further Reading: How is Preferred Stock Different from Common Stock?

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

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