West Paces Advisors Inc. Has $493,000 Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

West Paces Advisors Inc. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,796 shares of the company’s stock after purchasing an additional 786 shares during the period. West Paces Advisors Inc.’s holdings in Keurig Dr Pepper were worth $493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management bought a new stake in Keurig Dr Pepper in the third quarter valued at $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Keurig Dr Pepper in the fourth quarter valued at $29,000. Geneos Wealth Management Inc. grew its holdings in shares of Keurig Dr Pepper by 973.8% during the third quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after purchasing an additional 818 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $34,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $34,000. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on KDP. Royal Bank of Canada decreased their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Jefferies Financial Group cut their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Wedbush cut their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Barclays upped their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday. Finally, HSBC initiated coverage on Keurig Dr Pepper in a research note on Friday, December 22nd. They set a “hold” rating and a $37.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.45.

Insider Buying and Selling at Keurig Dr Pepper

In related news, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the acquisition, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now owns 218,566 shares in the company, valued at approximately $6,360,270.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 in the last three months. Corporate insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP traded up $0.01 during mid-day trading on Tuesday, reaching $30.44. The company’s stock had a trading volume of 10,322,528 shares, compared to its average volume of 10,673,931. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.99. The stock has a market cap of $42.24 billion, a P/E ratio of 19.63, a PEG ratio of 2.30 and a beta of 0.66. The business has a 50-day simple moving average of $30.27 and a two-hundred day simple moving average of $31.01. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.50 EPS. As a group, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.83%. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Keurig Dr Pepper Company 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.