Bayesian Capital Management LP Invests $1.28 Million in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bayesian Capital Management LP acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 39,800 shares of the company's stock, valued at approximately $1,278,000.

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

Keurig Dr Pepper Stock Down 0.2 %

Shares of KDP stock traded down $0.09 on Wednesday, hitting $34.04. The company's stock had a trading volume of 11,804,362 shares, compared to its average volume of 10,438,890. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market capitalization of $46.23 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.52. The firm's fifty day moving average price is $34.21 and its 200-day moving average price is $33.10. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business's revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. Keurig Dr Pepper's payout ratio is presently 83.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KDP. Argus assumed coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Finally, Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $39.33.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the transaction, the director now owns 2,846,490 shares of the company's stock, valued at $97,122,238.80. The trade was a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,837,350 shares of company stock worth $2,771,297,650. Insiders own 1.00% of the company's stock.

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.