Empirical Finance LLC Acquires 1,433 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Empirical Finance LLC raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,569 shares of the company’s stock after purchasing an additional 1,433 shares during the period. Empirical Finance LLC’s holdings in Keurig Dr Pepper were worth $696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KDP. Empowered Funds LLC increased its stake in Keurig Dr Pepper by 34.6% during the 1st quarter. Empowered Funds LLC now owns 13,247 shares of the company’s stock worth $406,000 after acquiring an additional 3,404 shares during the period. Vanguard Group Inc. raised its stake in Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Cynosure Group LLC bought a new stake in Keurig Dr Pepper during the first quarter worth about $330,000. Bahl & Gaynor Inc. grew its stake in Keurig Dr Pepper by 1.6% during the first quarter. Bahl & Gaynor Inc. now owns 5,030,689 shares of the company’s stock worth $154,291,000 after buying an additional 77,460 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Keurig Dr Pepper by 38.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock valued at $483,000 after buying an additional 4,351 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays reduced their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.36.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $31.66 on Friday. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.59 and a beta of 0.63. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company’s fifty day moving average is $35.73 and its 200 day moving average is $34.77. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.91%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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.