Ground Swell Capital LLC Makes New $257,000 Investment in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Ground Swell Capital LLC acquired 7,513 shares of Keurig Dr Pepper, Inc (NASDAQ:KDP), valued at approximately $257,000, indicating growing institutional interest in the company.
• Analysts have a consensus rating of "Moderate Buy" for KDP, with an average target price of $39.77, reflecting positive sentiment toward its future performance.
• The company recently announced a quarterly dividend of $0.23 per share, resulting in an annualized yield of 2.6% and demonstrating a commitment to returning value to shareholders.

Ground Swell Capital LLC bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,513 shares of the company's stock, valued at approximately $257,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after acquiring an additional 25,425,644 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Keurig Dr Pepper by 36.0% during the fourth 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 acquiring an additional 14,473,054 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after acquiring an additional 20,196,835 shares in the last quarter. Invesco Ltd. increased its position in shares of Keurig Dr Pepper by 1.7% during the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company's stock valued at $751,920,000 after acquiring an additional 367,518 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Keurig Dr Pepper by 20.6% during the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock valued at $436,788,000 after acquiring an additional 2,320,614 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on KDP. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. UBS Group cut their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. HSBC raised shares of 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 report on Friday, April 25th. Finally, Barclays lifted their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus price target of $39.77.

Insider Activity at Keurig Dr Pepper

In other news, Director De Ven Michael G. Van bought 15,000 shares of the 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 purchase, the director owned 15,000 shares in the company, valued at $498,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 672,000 shares of company stock worth $22,235,760. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.15 on Friday, hitting $34.78. 6,246,850 shares of the company's stock were exchanged, compared to its average volume of 9,794,757. The company has a 50-day simple moving average of $33.50 and a 200-day simple moving average of $33.54. The stock has a market capitalization of $47.25 billion, a PE ratio of 31.05, a PEG ratio of 2.54 and a beta of 0.45. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. Keurig Dr Pepper's payout ratio is 82.14%.

About Keurig Dr Pepper

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.