Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Acquired by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 31.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,451 shares of the company's stock after purchasing an additional 8,382 shares during the period. Atlantic Edge Private Wealth Management LLC's holdings in Keurig Dr Pepper were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper during the 1st quarter worth $27,000. New Age Alpha Advisors LLC raised its position in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after buying an additional 389 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $42,000. Continuum Advisory LLC grew its stake in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in Keurig Dr Pepper during the 1st quarter valued at about $48,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the transaction, the director directly owned 2,638,490 shares in the company, valued at approximately $87,334,019. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president owned 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock valued at $23,580,720 over the last quarter. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Stock Up 0.2%

NASDAQ:KDP traded up $0.08 during midday trading on Monday, reaching $33.87. The company had a trading volume of 4,084,582 shares, compared to its average volume of 10,895,099. The stock's fifty day simple moving average is $33.38 and its 200-day simple moving average is $33.11. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28. The firm has a market capitalization of $46.00 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 2.60 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.57 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm's quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, June 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's payout ratio is 83.64%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KDP shares. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Barclays lowered their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, June 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. UBS Group lifted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Argus started coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Two 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 company. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $39.92.

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.