Checchi Capital Advisers LLC Has $278,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Checchi Capital Advisers LLC increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 25.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,170 shares of the company’s stock after acquiring an additional 1,442 shares during the period. Checchi Capital Advisers LLC’s holdings in Keurig Dr Pepper were worth $278,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Unison Advisors LLC grew its stake in Keurig Dr Pepper by 0.5% during the second quarter. Unison Advisors LLC now owns 56,897 shares of the company’s stock worth $2,025,000 after purchasing an additional 275 shares during the period. DAVENPORT & Co LLC boosted its holdings in Keurig Dr Pepper by 1.0% in the second quarter. DAVENPORT & Co LLC now owns 28,853 shares of the company’s stock worth $1,021,000 after acquiring an additional 278 shares in the last quarter. Curi Wealth Management LLC boosted its holdings in Keurig Dr Pepper by 10.5% in the second quarter. Curi Wealth Management LLC now owns 3,197 shares of the company’s stock worth $113,000 after acquiring an additional 303 shares in the last quarter. Marco Investment Management LLC boosted its holdings in Keurig Dr Pepper by 1.9% in the first quarter. Marco Investment Management LLC now owns 21,000 shares of the company’s stock worth $796,000 after acquiring an additional 400 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Keurig Dr Pepper by 0.4% in the first quarter. Baird Financial Group Inc. now owns 92,573 shares of the company’s stock worth $3,508,000 after acquiring an additional 401 shares in the last quarter. Institutional investors and hedge funds own 52.29% of the company’s stock.

Keurig Dr Pepper Stock Down 0.0 %

KDP stock opened at $38.32 on Thursday. Keurig Dr Pepper Inc. has a twelve month low of $33.35 and a twelve month high of $41.31. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $37.75 and its 200-day moving average is $37.80. The firm has a market capitalization of $54.27 billion, a PE ratio of 29.94, a P/E/G ratio of 3.24 and a beta of 0.63.

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, September 29th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Maurice Anthony Milikin purchased 12,979 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was bought at an average cost of $38.79 per share, with a total value of $503,455.41. Following the completion of the transaction, the insider now owns 116,811 shares of the company’s stock, valued at approximately $4,531,098.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 275,000 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $38.40, for a total value of $10,560,000.00. Following the completion of the sale, the chairman now directly owns 3,703,186 shares of the company’s stock, valued at $142,202,342.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Maurice Anthony Milikin bought 12,979 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was purchased at an average cost of $38.79 per share, with a total value of $503,455.41. Following the completion of the transaction, the insider now directly owns 116,811 shares of the company’s stock, valued at $4,531,098.69. The disclosure for this purchase can be found here. Over the last three months, insiders sold 822,300 shares of company stock valued at $31,306,009. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KDP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, October 17th. Wells Fargo & Company increased their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. Barclays increased their price target on Keurig Dr Pepper from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, October 31st. StockNews.com lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Finally, The Goldman Sachs Group lowered Keurig Dr Pepper from a “buy” rating to a “neutral” rating and dropped their target price for the company from $39.00 to $37.00 in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and an average target price of $39.75.

Keurig Dr Pepper Company Profile

(Get Rating)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

Featured Stories

Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating).

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

Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.