Aurdan Capital Management LLC decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 27.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parr Mcknight Wealth Management Group LLC grew its holdings in shares of Keurig Dr Pepper by 15.0% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 54,545 shares of the company's stock worth $1,867,000 after purchasing an additional 7,113 shares during the period. Significant Wealth Partners LLC grew its holdings in shares of Keurig Dr Pepper by 21.8% during the 1st quarter. Significant Wealth Partners LLC now owns 11,220 shares of the company's stock worth $384,000 after purchasing an additional 2,006 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 288.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 326,724 shares of the company's stock worth $11,256,000 after purchasing an additional 242,721 shares during the period. New Mexico Educational Retirement Board grew its holdings in shares of Keurig Dr Pepper by 4.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 52,600 shares of the company's stock worth $1,800,000 after purchasing an additional 2,200 shares during the period. Finally, Liberty One Investment Management LLC grew its holdings in shares of Keurig Dr Pepper by 4.6% during the 1st quarter. Liberty One Investment Management LLC now owns 754,144 shares of the company's stock worth $25,807,000 after purchasing an additional 33,254 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.
Keurig Dr Pepper Stock Performance
Shares of KDP opened at $33.65 on Thursday. The business's 50 day moving average is $33.35 and its two-hundred day moving average is $33.13. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.62 and a beta of 0.47. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the company posted $0.38 EPS. Keurig Dr Pepper's quarterly revenue was up 4.8% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
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 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.
Analysts Set New Price Targets
KDP has been the subject of a number of analyst reports. Argus initiated coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. Barclays decreased their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, June 27th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.92.
Check Out Our Latest Stock Report on KDP
Insider Transactions at Keurig Dr Pepper
In other news, Director De Ven Michael G. Van purchased 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average cost of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 14,500 shares of the company'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 sale, the vice president directly owned 62,411 shares in the company, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 698,500 shares of company stock valued at $23,580,720. 0.40% of the stock is currently owned by insiders.
About Keurig Dr Pepper
(
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.
See Also
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