39,099 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by Centiva Capital LP

Centiva Capital LP purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 39,099 shares of the company’s stock, valued at approximately $1,465,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Keurig Dr Pepper by 9.8% in the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after buying an additional 9,105,164 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Keurig Dr Pepper by 41.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock valued at $212,901,000 after acquiring an additional 1,878,597 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Keurig Dr Pepper during the second quarter worth about $37,643,000. Armistice Capital LLC increased its position in shares of Keurig Dr Pepper by 186.3% in the second quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock worth $49,635,000 after purchasing an additional 966,924 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Keurig Dr Pepper by 5,018.4% in the second quarter. Public Sector Pension Investment Board now owns 839,057 shares of the company’s stock valued at $28,025,000 after purchasing an additional 822,664 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Down 0.5 %

NASDAQ KDP opened at $32.38 on Wednesday. The business’s 50-day moving average is $34.50 and its 200 day moving average is $34.65. The stock has a market capitalization of $43.92 billion, a PE ratio of 19.62, a PEG ratio of 2.51 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the business earned $0.48 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KDP shares. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company lowered their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, TD Cowen increased their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper 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.