SG Americas Securities LLC Purchases 116,292 Shares of Keurig Dr Pepper, Inc $KDP

SG Americas Securities LLC lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 21.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 669,655 shares of the company’s stock after purchasing an additional 116,292 shares during the period. SG Americas Securities LLC’s holdings in Keurig Dr Pepper were worth $17,083,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Truist Financial Corp increased its holdings in shares of Keurig Dr Pepper by 15.2% during the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after acquiring an additional 39,916 shares in the last quarter. LBP AM SA grew its position in Keurig Dr Pepper by 1,772.6% during the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after purchasing an additional 519,851 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Keurig Dr Pepper by 9.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock valued at $5,038,000 after purchasing an additional 12,530 shares in the last quarter. State of Michigan Retirement System increased its stake in Keurig Dr Pepper by 14.0% during the 2nd quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock valued at $12,209,000 after purchasing an additional 45,400 shares in the last quarter. Finally, Callan Family Office LLC raised its holdings in Keurig Dr Pepper by 290.4% in the second quarter. Callan Family Office LLC now owns 28,458 shares of the company’s stock worth $941,000 after buying an additional 21,168 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on KDP. TD Cowen cut their price target on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. Piper Sandler increased their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. The Goldman Sachs Group decreased their price target on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and a consensus target price of $34.87.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Performance

KDP stock opened at $27.61 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The company has a market cap of $37.51 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.34. The stock’s fifty day moving average price is $27.75 and its 200-day moving average price is $29.48.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.