Commerzbank Aktiengesellschaft FI trimmed its position in Keurig Dr Pepper Inc (NYSE:KDP) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,748 shares of the company’s stock after selling 627 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Keurig Dr Pepper were worth $2,042,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Northpointe Capital LLC raised its position in Keurig Dr Pepper by 29.6% in the third quarter. Northpointe Capital LLC now owns 106,558 shares of the company’s stock valued at $2,911,000 after purchasing an additional 24,316 shares during the period. Winslow Evans & Crocker Inc. raised its position in Keurig Dr Pepper by 1.7% in the third quarter. Winslow Evans & Crocker Inc. now owns 42,148 shares of the company’s stock valued at $1,154,000 after purchasing an additional 716 shares during the period. NuWave Investment Management LLC raised its position in Keurig Dr Pepper by 114.5% in the third quarter. NuWave Investment Management LLC now owns 5,118 shares of the company’s stock valued at $140,000 after purchasing an additional 2,732 shares during the period. Foster Victor Wealth Advisors LLC raised its position in Keurig Dr Pepper by 186.9% in the third quarter. Foster Victor Wealth Advisors LLC now owns 89,574 shares of the company’s stock valued at $2,461,000 after purchasing an additional 58,351 shares during the period. Finally, Abner Herrman & Brock LLC purchased a new stake in Keurig Dr Pepper in the third quarter valued at approximately $1,614,000. Institutional investors own 19.53% of the company’s stock.
Keurig Dr Pepper stock opened at $27.59 on Monday. Keurig Dr Pepper Inc has a twelve month low of $22.95 and a twelve month high of $31.06. The stock’s fifty day simple moving average is $27.31 and its 200-day simple moving average is $28.13. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $38.83 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.49 and a beta of 0.46.
The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.17%. Keurig Dr Pepper’s payout ratio is currently 57.69%.
A number of analysts have issued reports on the company. Guggenheim reissued a “hold” rating on shares of Keurig Dr Pepper in a research report on Friday, September 27th. Bank of America boosted their target price on Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 9th. SunTrust Banks set a $35.00 target price on Keurig Dr Pepper and gave the company a “buy” rating in a research report on Friday, September 27th. ValuEngine raised Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley set a $24.00 price objective on Keurig Dr Pepper and gave the stock a “sell” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Keurig Dr Pepper has a consensus rating of “Hold” and a consensus price target of $30.27.
In other news, insider Mary Beth Denooyer bought 6,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $27.60 per share, for a total transaction of $165,600.00. Also, major shareholder Ronald O. Perelman bought 1,369,863 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of $1.43 per share, with a total value of $1,958,904.09. In the last quarter, insiders have purchased 1,456,590 shares of company stock valued at $4,062,145. Insiders own 0.44% of the company’s stock.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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