Russell Investments Group Ltd. Boosts Place in Keurig Dr Pepper Inc. (NASDAQ:KDP)
A number of different hedge funds and different institutional traders have additionally made modifications to their positions within the firm. Moneta Group Funding Advisors LLC raised its place in Keurig Dr Pepper by 99,740.8% through the fourth quarter. Moneta Group Funding Advisors LLC now owns 324,915,003 shares of the corporate’s inventory price $11,586,469,000 after buying an extra 324,589,570 shares over the last quarter. Wellington Administration Group LLP lifted its stake in Keurig Dr Pepper by 32.1% within the 1st quarter. Wellington Administration Group LLP now owns 39,827,389 shares of the corporate’s inventory valued at $1,405,110,000 after shopping for an extra 9,685,210 shares within the final quarter. Norges Financial institution acquired a brand new stake in Keurig Dr Pepper through the 4th quarter valued at $276,547,000. FMR LLC elevated its place in Keurig Dr Pepper by 14.5% through the first quarter. FMR LLC now owns 50,195,232 shares of the corporate’s inventory price $1,770,888,000 after shopping for an extra 6,338,412 shares within the final quarter. Lastly, Balyasny Asset Administration L.P. acquired a brand new place in shares of Keurig Dr Pepper within the first quarter price $140,495,000. Institutional traders and hedge funds personal 52.29% of the corporate’s inventory.
Keurig Dr Pepper Inventory Efficiency
Shares of KDP inventory opened at $31.78 on Tuesday. The corporate’s fifty day shifting common worth is $30.93 and its two-hundred day shifting common worth is $31.88. The corporate has a debt-to-equity ratio of 0.39, a present ratio of 0.39 and a fast ratio of 0.23. The agency has a market capitalization of $44.44 billion, a P/E ratio of 23.03, a P/E/G ratio of two.65 and a beta of 0.67. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month excessive of $38.94.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) final posted its quarterly earnings knowledge on Thursday, October twenty sixth. The corporate reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The corporate had income of $3.81 billion for the quarter, in comparison with the consensus estimate of $3.77 billion. Keurig Dr Pepper had a return on fairness of 9.76% and a web margin of 13.16%. Keurig Dr Pepper’s income for the quarter was up 5.1% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the enterprise earned $0.46 EPS. On common, analysis analysts anticipate that Keurig Dr Pepper Inc. will submit 1.78 earnings per share for the present fiscal yr.
Keurig Dr Pepper Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Friday, October thirteenth. Stockholders of document on Friday, September twenty ninth got a dividend of $0.215 per share. It is a enhance from Keurig Dr Pepper’s earlier quarterly dividend of $0.20. The ex-dividend date was Thursday, September twenty eighth. This represents a $0.86 annualized dividend and a dividend yield of two.71%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 62.32%.
Analyst Upgrades and Downgrades
KDP has been the topic of quite a lot of current analysis experiences. UBS Group upgraded Keurig Dr Pepper from a “impartial” ranking to a “purchase” ranking and lifted their worth goal for the inventory from $37.00 to $42.00 in a analysis report on Tuesday, August fifteenth. Barclays upped their worth goal on shares of Keurig Dr Pepper from $34.00 to $36.00 and gave the corporate an “chubby” ranking in a analysis observe on Monday, October thirtieth. Jefferies Monetary Group initiated protection on shares of Keurig Dr Pepper in a analysis report on Monday, November thirteenth. They set a “purchase” ranking and a $39.00 goal worth on the inventory. Morgan Stanley minimize their worth goal on Keurig Dr Pepper from $39.00 to $37.00 and set an “chubby” ranking for the corporate in a report on Friday, October twenty seventh. Lastly, Citigroup decreased their worth goal on Keurig Dr Pepper from $37.00 to $33.00 and set a “impartial” ranking on the inventory in a report on Wednesday, October eleventh. Three analysis analysts have rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat, the corporate at the moment has a consensus ranking of “Average Purchase” and a median worth goal of $37.20.
Test Out Our Newest Inventory Report on Keurig Dr Pepper
Insider Exercise at Keurig Dr Pepper
In different information, insider Karin Rotem-Wildeman purchased 7,050 shares of the agency’s inventory in a transaction dated Friday, October twenty seventh. The inventory was purchased at a median worth of $29.95 per share, for a complete transaction of $211,147.50. Following the transaction, the insider now owns 69,448 shares within the firm, valued at $2,079,967.60. The acquisition was disclosed in a authorized submitting with the SEC, which is accessible by way of this hyperlink. In associated information, insider Karin Rotem-Wildeman purchased 7,050 shares of the agency’s inventory in a transaction on Friday, October twenty seventh. The inventory was purchased at a median value of $29.95 per share, for a complete transaction of $211,147.50. Following the completion of the acquisition, the insider now immediately owns 69,448 shares within the firm, valued at roughly $2,079,967.60. The acquisition was disclosed in a submitting with the Securities & Change Fee, which is out there by way of this hyperlink. Additionally, COO Timothy P. Cofer acquired 50,000 shares of the inventory in a transaction that occurred on Monday, November sixth. The shares had been purchased at a median worth of $31.26 per share, with a complete worth of $1,563,000.00. Following the completion of the acquisition, the chief working officer now owns 350,393 shares within the firm, valued at $10,953,285.18. The disclosure for this buy may be discovered right here. Insiders purchased a complete of 72,050 shares of firm inventory valued at $2,240,048 over the past three months. 0.81% of the inventory is owned by insiders.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage firm in the USA and internationally. It operates by way of 4 segments: Espresso Methods, Packaged Drinks, Beverage Concentrates, and Latin America Drinks. The Espresso Methods phase manufactures and distributes varied completed items associated to its espresso techniques, Ok-Cup pods, and brewers, in addition to specialty espresso.
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