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

Castlekeep Investment Advisors LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,837 shares of the company's stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KDP. New Age Alpha Advisors LLC grew its position in Keurig Dr Pepper by 82.8% during the 4th 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 period. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $42,000. LRI Investments LLC grew its position in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $70,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This trade represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 913,850 shares of company stock worth $31,235,950 in the last 90 days. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Price Performance

KDP traded down $0.14 during trading on Wednesday, reaching $32.73. The company's stock had a trading volume of 7,288,016 shares, compared to its average volume of 10,610,249. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $34.20 and a two-hundred day simple moving average of $33.03. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a market cap of $44.45 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its 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 business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the company posted $0.38 EPS. The business's revenue was up 4.8% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group raised their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Barclays raised their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the company from $36.00 to $42.00 in a research 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 issued a strong buy rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus target price of $39.33.

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.