Y Intercept Hong Kong Ltd Purchases New Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Y Intercept Hong Kong Ltd bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,715 shares of the company's stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Blair William & Co. IL grew its stake in Keurig Dr Pepper by 46.1% in the fourth quarter. Blair William & Co. IL now owns 11,729 shares of the company's stock valued at $377,000 after purchasing an additional 3,700 shares in the last quarter. Norges Bank bought a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $197,819,000. New Age Alpha Advisors LLC grew its stake in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Keurig Dr Pepper by 3.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,296 shares of the company's stock valued at $12,568,000 after purchasing an additional 14,377 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Keurig Dr Pepper by 15.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 676,729 shares of the company's stock valued at $21,737,000 after purchasing an additional 92,214 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director De Ven Michael G. Van bought 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $498,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the sale, the vice president owned 62,411 shares in the company, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,500 shares of company stock worth $16,298,360. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Price Performance

KDP traded up $0.80 on Friday, reaching $33.45. The stock had a trading volume of 5,959,660 shares, compared to its average volume of 12,248,164. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The firm has a 50-day moving average of $33.25 and a 200-day moving average of $33.32. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $45.45 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate 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, July 11th. Stockholders of record on Friday, June 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.8%. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Barclays lifted their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday. Argus assumed coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.77.

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.