Aurdan Capital Management LLC Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Aurdan Capital Management LLC purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 80,734 shares of the company's stock, valued at approximately $2,593,000.

Several other large investors have also added to or reduced their stakes in KDP. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after purchasing an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Keurig Dr Pepper by 53.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after purchasing an additional 112,819 shares in the last quarter. Swedbank AB boosted its position in Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after purchasing an additional 13,179 shares in the last quarter. RWC Asset Management LLP boosted its position in Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after purchasing an additional 398,916 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Keurig Dr Pepper during the fourth quarter worth approximately $400,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the transaction, the vice president now owns 62,411 shares of the company's stock, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The transaction 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 the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 approximately $110,998,993.14. The trade was a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 913,850 shares of company stock valued at $31,235,950 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.08 during trading on Friday, reaching $33.53. The company's stock had a trading volume of 3,809,791 shares, compared to its average volume of 12,891,160. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $45.53 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The firm has a 50 day moving average price of $34.18 and a 200 day moving average price of $33.03.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is currently 83.64%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KDP shares. UBS Group increased 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. Argus assumed coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Barclays lifted their price objective on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

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.