Aspire Private Capital LLC Invests $1.18 Million in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Aspire Private Capital LLC purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,387 shares of the company's stock, valued at approximately $1,177,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Wellington Management Group LLP increased its stake in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after purchasing an additional 5,646,179 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 purchasing an additional 14,473,054 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Keurig Dr Pepper by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after purchasing an additional 1,962,195 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock valued at $693,972,000 after purchasing an additional 3,539,463 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

KDP has been the subject of a number of analyst reports. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target for the company. 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Three investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.71.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the transaction, the director now owns 3,054,490 shares in the company, valued at $103,730,480.40. This trade represents a 6.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total transaction of $417,360.00. Following the transaction, the insider now owns 166,511 shares in the company, valued at $5,791,252.58. This represents a 6.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 686,500 shares of company stock worth $23,190,720. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Stock Performance

KDP stock traded up $0.37 on Friday, hitting $33.58. The company had a trading volume of 17,753,779 shares, compared to its average volume of 10,881,712. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The stock's 50-day simple moving average is $33.76 and its 200 day simple moving average is $33.09. The stock has a market cap of $45.61 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 2.58 and a beta of 0.48.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced 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. This represents a $0.92 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

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.