Strategic Investment Advisors MI Makes New Investment in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Strategic Investment Advisors MI purchased a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,346 shares of the company's stock, valued at approximately $491,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after buying an additional 14,473,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after buying an additional 8,363,192 shares during the period. Norges Bank purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $197,819,000. Finally, Wellington Management Group LLP boosted its stake in shares of Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the sale, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. This trade represents a 7.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the transaction, the director now owns 3,054,490 shares in the company, valued at $103,730,480.40. This represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 698,500 shares of company stock worth $23,594,400. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. UBS Group raised their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Argus assumed coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target on the stock. Finally, Barclays reduced their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday. Two investment 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 stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus price target of $39.92.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $0.19 during mid-day trading on Friday, reaching $32.85. The company's stock had a trading volume of 10,275,710 shares, compared to its average volume of 10,887,577. The stock has a 50-day moving average of $33.58 and a two-hundred day moving average of $33.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The stock has a market capitalization of $44.62 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.55 and a beta of 0.48. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the company earned $0.38 EPS. Keurig Dr Pepper's revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

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.