Aurdan Capital Management LLC lowered its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 27.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,704 shares of the company's stock after selling 22,030 shares during the quarter. Aurdan Capital Management LLC's holdings in Keurig Dr Pepper were worth $2,009,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its position in Keurig Dr Pepper by 7.6% during the fourth quarter. Assetmark Inc. now owns 38,380 shares of the company's stock worth $1,233,000 after buying an additional 2,706 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $3,820,000. PNC Financial Services Group Inc. grew its position in Keurig Dr Pepper by 9.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 173,170 shares of the company's stock worth $5,562,000 after buying an additional 14,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Keurig Dr Pepper by 12.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 579,036 shares of the company's stock valued at $18,599,000 after buying an additional 66,269 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Keurig Dr Pepper by 31.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 286,328 shares of the company's stock valued at $9,197,000 after buying an additional 68,423 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.
Insiders Place Their Bets
In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction that occurred 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director De Ven Michael G. Van bought 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at $498,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 698,500 shares of company stock valued at $23,580,720. Insiders own 0.40% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on KDP. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Barclays dropped their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, June 27th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their target price for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.92.
Check Out Our Latest Stock Analysis on KDP
Keurig Dr Pepper Trading Down 0.3%
Shares of KDP traded down $0.12 during mid-day trading on Friday, reaching $33.54. 4,180,872 shares of the company were exchanged, compared to its average volume of 10,934,996. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The stock has a market capitalization of $45.55 billion, a PE ratio of 30.47, a PEG ratio of 2.59 and a beta of 0.47. The business has a 50 day simple moving average of $33.35 and a two-hundred day simple moving average of $33.14.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. Keurig Dr Pepper's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. On average, analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.
Keurig Dr Pepper Announces Dividend
The firm 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 2.74%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.
Keurig Dr Pepper Company Profile
(
Free Report)
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.
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