Castlekeep Investment Advisors LLC Purchases New Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Castlekeep Investment Advisors LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,837 shares of the company's stock, valued at approximately $252,000.

Other large investors have also modified their holdings of the company. New Age Alpha Advisors LLC raised its stake in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $42,000. Brooklyn Investment Group raised its holdings in Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after purchasing an additional 554 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper during the fourth quarter worth $70,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,863,850 shares of company stock valued at $2,772,203,450 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 1.8 %

NASDAQ KDP traded down $0.60 during mid-day trading on Friday, hitting $33.54. The company's stock had a trading volume of 10,315,658 shares, compared to its average volume of 10,471,618. 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 52-week low of $30.12 and a 52-week high of $38.28. The stock's fifty day simple moving average is $34.21 and its two-hundred day simple moving average is $33.05. The firm has a market capitalization of $45.55 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping 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 analysts' expectations of $3.57 billion. During the same period in the prior year, the company earned $0.38 EPS. The firm's revenue was up 4.8% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Argus started coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.33.

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.