Mokosak Advisory Group LLC Invests $269,000 in Keurig Dr Pepper Inc (NYSE:KDP)
Mokosak Advisory Group LLC purchased a new stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,287 shares of the company’s stock, valued at approximately $269,000. Keurig Dr Pepper comprises approximately 0.2% of Mokosak Advisory Group LLC’s holdings, making the stock its 21st biggest position.
Several other large investors have also recently bought and sold shares of the company. Fulcrum Equity Management purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at about $30,000. Quadrant Capital Group LLC raised its stake in Keurig Dr Pepper by 221.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,809 shares of the company’s stock valued at $46,000 after buying an additional 1,246 shares during the last quarter. Rational Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 45.2% during the 3rd quarter. Rational Advisors LLC now owns 1,802 shares of the company’s stock valued at $49,000 after buying an additional 561 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Keurig Dr Pepper by 47.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,224 shares of the company’s stock valued at $61,000 after buying an additional 720 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 29.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,520 shares of the company’s stock worth $69,000 after buying an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 20.55% of the company’s stock.
In other news, Director Robert S. Singer bought 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $29.02 per share, with a total value of $43,530.00. Following the transaction, the director now directly owns 53,001 shares in the company, valued at approximately $1,538,089.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Beth Denooyer bought 6,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $28.17 per share, with a total value of $169,020.00. Insiders have purchased a total of 52,500 shares of company stock valued at $1,543,705 over the last three months. 0.44% of the stock is owned by corporate insiders.
Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Keurig Dr Pepper had a return on equity of 7.27% and a net margin of 10.13%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the previous year, the firm earned $0.30 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, January 2nd. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 57.69%.
Several brokerages recently commented on KDP. ValuEngine raised Keurig Dr Pepper from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. SunTrust Banks set a $35.00 price target on shares of Keurig Dr Pepper and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Guggenheim reiterated a “hold” rating on shares of Keurig Dr Pepper in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Keurig Dr Pepper currently has an average rating of “Buy” and a consensus target price of $30.88.
Keurig Dr Pepper Company 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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