Aurdan Capital Management LLC Purchases Shares of 80,734 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Aurdan Capital Management LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 80,734 shares of the company's stock, valued at approximately $2,593,000.

Several other institutional investors and hedge funds also recently modified their holdings of KDP. Sumitomo Mitsui Trust Group Inc. boosted its holdings in 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 last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after buying an additional 112,819 shares during the last quarter. Swedbank AB increased its stake in shares of Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after buying an additional 13,179 shares during the last quarter. RWC Asset Management LLP raised its holdings in Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after acquiring an additional 398,916 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Keurig Dr Pepper during the 4th quarter valued at $400,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Activity

In other news, VP Angela A. Stephens sold 14,500 shares of the 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 transaction, the vice president now owns 62,411 shares in the company, valued at $2,136,952.64. This represents a 18.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. This represents a 6.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 913,850 shares of company stock worth $31,235,950 in the last ninety days. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. UBS Group lifted their target price 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. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Barclays increased their price objective on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Four 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper Stock Up 2.2%

NASDAQ:KDP traded up $0.72 on Thursday, hitting $33.45. 12,300,877 shares of the company's stock traded hands, compared to its average volume of 10,616,984. The company has a market cap of $45.43 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. 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 50-day moving average price of $34.19 and a 200-day moving average price of $33.03.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The business 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%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business 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. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

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.