ICW Investment Advisors LLC Has $1.15 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

ICW Investment Advisors LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,689 shares of the company’s stock after purchasing an additional 1,548 shares during the quarter. ICW Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after purchasing an additional 242,315 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock worth $10,400,000 after purchasing an additional 112,819 shares during the period. Franklin Resources Inc. lifted its position in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after acquiring an additional 41,466 shares during the period. Swedbank AB lifted its position in shares of Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock valued at $23,994,000 after acquiring an additional 13,179 shares during the period. Finally, RWC Asset Management LLP increased its stake in Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock valued at $49,885,000 after purchasing an additional 398,916 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.23.

Insider Buying and Selling

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company’s stock, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,397,350 shares of company stock worth $2,756,292,570 in the last three months. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.55 on Monday. The company has a market cap of $45.52 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The business’s 50 day moving average price is $32.44 and its 200-day moving average price is $33.63. Keurig Dr Pepper Inc. has a fifty-two week low of $29.86 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company posted $0.55 EPS. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

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.