Fidelity National Financial Inc. Acquires Shares of 548,000 Keurig Dr Pepper, Inc $KDP

Fidelity National Financial Inc. acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 548,000 shares of the company’s stock, valued at approximately $15,349,000. Keurig Dr Pepper comprises about 0.5% of Fidelity National Financial Inc.’s portfolio, making the stock its 13th largest position.

A number of other hedge funds also recently bought and sold shares of the business. Metis Global Partners LLC raised its holdings in Keurig Dr Pepper by 3.7% in the 4th quarter. Metis Global Partners LLC now owns 59,268 shares of the company’s stock valued at $1,660,000 after acquiring an additional 2,134 shares during the last quarter. Deutsche Bank AG raised its holdings in Keurig Dr Pepper by 23.2% in the 4th quarter. Deutsche Bank AG now owns 5,782,472 shares of the company’s stock valued at $161,967,000 after acquiring an additional 1,088,429 shares during the last quarter. GW&K Investment Management LLC raised its holdings in Keurig Dr Pepper by 67.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after acquiring an additional 451 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Keurig Dr Pepper by 63.2% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 68,682 shares of the company’s stock valued at $1,924,000 after acquiring an additional 26,591 shares during the last quarter. Finally, Marks Group Wealth Management Inc acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $679,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KDP shares. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $31.70 on Thursday. The company has a market cap of $43.13 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.44 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The stock has a 50-day moving average of $28.30 and a two-hundred day moving average of $28.20. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.Keurig Dr Pepper’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

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.