328,502 Keurig Dr Pepper, Inc $KDP Shares Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. raised its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 39.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,160,175 shares of the company’s stock after purchasing an additional 328,502 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Keurig Dr Pepper were worth $35,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CENTRAL TRUST Co increased its position in shares of Keurig Dr Pepper by 2,525.3% in the 3rd quarter. CENTRAL TRUST Co now owns 5,198 shares of the company’s stock valued at $158,000 after acquiring an additional 5,000 shares during the period. Fifth Third Bancorp lifted its position in Keurig Dr Pepper by 38.7% during the 3rd quarter. Fifth Third Bancorp now owns 218,750 shares of the company’s stock worth $6,637,000 after acquiring an additional 61,084 shares during the period. King Luther Capital Management Corp grew its stake in Keurig Dr Pepper by 1.1% during the 3rd quarter. King Luther Capital Management Corp now owns 167,718 shares of the company’s stock valued at $5,089,000 after purchasing an additional 1,874 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in Keurig Dr Pepper by 11.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 79,100 shares of the company’s stock valued at $2,400,000 after purchasing an additional 7,810 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in shares of Keurig Dr Pepper by 2.5% in the third quarter. Jacobi Capital Management LLC now owns 22,914 shares of the company’s stock valued at $695,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Latest Keurig Dr Pepper News

These are some of the KDP news items that stood out recently:

• Positive Sentiment: Dr Pepper secured fountain distribution at Jersey Mike’s, expanding its foodservice reach and creating a potential avenue for brand growth. Article: Can Keurig’s New Fountain Distribution Gains Boost Its Reach?
• Neutral Sentiment: KDP priced its public offering of 57.97 million shares at $34.50 each, raising about $2 billion. The company says it plans to use the proceeds to reduce debt, ahead of a planned business separation. Debt reduction could strengthen the balance sheet, though the equity financing has a dilutive trade-off. Article: Keurig Dr Pepper Announces Pricing of Public Offering of Common Stock
• Negative Sentiment: The offering adds a substantial number of new shares, diluting existing shareholders. Its $34.50 per-share price may also weigh on the stock by setting a lower reference price for investors; reports linked the offering to a decline in KDP shares. Article: Keurig Dr Pepper Shares Decline Following Pricing of Share Offering

Keurig Dr Pepper Stock Up 2.6%

Shares of KDP opened at $36.34 on Friday. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $38.28. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $49.46 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.69 and a beta of 0.35. The stock’s 50-day moving average price is $33.33 and its 200-day moving average price is $30.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Tuesday, November 3rd. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.33 billion. Keurig Dr Pepper had a return on equity of 11.27% and a net margin of 7.12%. Keurig Dr Pepper’s revenue for the quarter was up 70.6% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.31 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 84.40%.

Insider Activity

In other news, Director Aaron E. Alt purchased 7,862 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 9,500 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total transaction of $310,650.00. Following the sale, the vice president owned 55,786 shares in the company, valued at approximately $1,824,202.20. This represents a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Deutsche Bank increased their price target on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, November 4th. Piper Sandler reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $37.29.

About Keurig Dr Pepper

Keurig Dr Pepper Inc. (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods. The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.