Fruth Investment Management purchased a new position in shares of Keurig Dr Pepper Inc (NYSE:KDP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,600 shares of the company’s stock, valued at approximately $212,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KDP. Vanguard Group Inc purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $388,634,000. Vanguard Group Inc. purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $388,634,000. Bank of America Corp DE grew its holdings in shares of Keurig Dr Pepper by 2,892.9% during the 4th quarter. Bank of America Corp DE now owns 10,570,613 shares of the company’s stock worth $271,031,000 after purchasing an additional 10,217,429 shares during the period. FMR LLC grew its holdings in shares of Keurig Dr Pepper by 39.2% during the 4th quarter. FMR LLC now owns 27,592,939 shares of the company’s stock worth $707,483,000 after purchasing an additional 7,777,020 shares during the period. Finally, BlackRock Inc. purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $173,646,000. Institutional investors and hedge funds own 12.88% of the company’s stock.
Shares of Keurig Dr Pepper stock opened at $26.42 on Wednesday. Keurig Dr Pepper Inc has a 12 month low of $20.46 and a 12 month high of $124.36. The stock has a market cap of $37.35 billion, a P/E ratio of 25.40, a PEG ratio of 1.44 and a beta of 0.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.38 and a quick ratio of 0.27.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, April 4th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 57.69%.
A number of equities analysts have recently weighed in on the company. Morgan Stanley cut Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 price target for the company. in a report on Thursday, April 11th. Barclays reiterated a “buy” rating and set a $31.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, March 19th. ValuEngine cut Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Zacks Investment Research cut Keurig Dr Pepper from a “hold” rating to a “strong sell” rating in a report on Thursday, January 10th. Finally, Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and set a $26.35 price target for the company in a report on Tuesday, January 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.41.
In other news, insider Brian Andrew Loucks bought 6,250 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $27.34 per share, for a total transaction of $170,875.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Olivier Goudet bought 20,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of $25.43 per share, with a total value of $508,600.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 46,285 shares of company stock valued at $1,199,274 over the last 90 days. 0.58% of the stock is currently owned by company insiders.
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Keurig Dr Pepper Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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