96,217 Keurig Dr Pepper, Inc $KDP Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 455.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,348 shares of the company’s stock after purchasing an additional 96,217 shares during the period. Park Avenue Securities LLC’s holdings in Keurig Dr Pepper were worth $3,560,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Patton Albertson Miller Group LLC lifted its stake in shares of Keurig Dr Pepper by 13.6% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 65,682 shares of the company’s stock valued at $1,993,000 after purchasing an additional 7,840 shares during the period. Apollon Wealth Management LLC grew its position in Keurig Dr Pepper by 26.2% during the third quarter. Apollon Wealth Management LLC now owns 27,124 shares of the company’s stock valued at $823,000 after buying an additional 5,626 shares during the period. Signaturefd LLC grew its position in Keurig Dr Pepper by 44.7% during the third quarter. Signaturefd LLC now owns 12,939 shares of the company’s stock valued at $393,000 after buying an additional 3,996 shares during the period. Citizens Financial Group Inc. RI grew its position in Keurig Dr Pepper by 12.8% during the third quarter. Citizens Financial Group Inc. RI now owns 9,038 shares of the company’s stock valued at $276,000 after buying an additional 1,026 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in Keurig Dr Pepper during the third quarter valued at $250,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total value of $390,600.00. Following the sale, the insider directly owned 84,171 shares in the company, valued at approximately $2,739,766.05. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Aaron Alt acquired 7,862 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the purchase, the director owned 7,862 shares in the company, valued at $250,247.46. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.34% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $35.30 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The firm has a fifty day moving average of $32.36 and a 200 day moving average of $29.95. The firm has a market cap of $48.04 billion, a PE ratio of 35.66, a PEG ratio of 1.66 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the firm posted $0.49 earnings per share. The company’s revenue was up 75.6% compared to the same quarter last year. As a group, research analysts predict that Keurig Dr Pepper, Inc will post 2.30 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 92.93%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Keurig Dr Pepper from $31.00 to $33.00 in a research report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Bank of America lifted their price target on Keurig Dr Pepper from $35.00 to $38.00 in a research note on Friday, July 10th. Finally, Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.12.

Keurig Dr Pepper Profile

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.