AustralianSuper Pty Ltd Buys Shares of 47,694 Keurig Dr Pepper, Inc $KDP

Key Points

• AustralianSuper Pty Ltd bought a new stake of 47,694 shares in Keurig Dr Pepper (NASDAQ: KDP) during Q3, valued at about $1.217 million.
• VP Angela A. Stephens sold 10,000 shares on Dec. 12 at an average price of $29.52, reducing her stake by roughly 15.6%; company insiders now own 0.40% while institutional investors hold about 93.99% of the stock.
• Keurig Dr Pepper recently paid a quarterly dividend of $0.23 (annualized $0.92), implying a yield of about 3.4% with a payout ratio near 79.31%.

AustralianSuper Pty Ltd purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,694 shares of the company's stock, valued at approximately $1,217,000.

A number of other hedge funds have also modified their holdings of KDP. Truist Financial Corp increased its holdings in Keurig Dr Pepper by 15.2% during the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company's stock valued at $9,987,000 after purchasing an additional 39,916 shares in the last quarter. State of Michigan Retirement System increased its position in Keurig Dr Pepper by 14.0% in the second quarter. State of Michigan Retirement System now owns 369,300 shares of the company's stock worth $12,209,000 after purchasing an additional 45,400 shares during the period. Callan Family Office LLC grew its position in shares of Keurig Dr Pepper by 290.4% during the 2nd quarter. Callan Family Office LLC now owns 28,458 shares of the company's stock worth $941,000 after buying an additional 21,168 shares during the period. ASR Vermogensbeheer N.V. grew its holdings in Keurig Dr Pepper by 13.8% during the second quarter. ASR Vermogensbeheer N.V. now owns 185,646 shares of the company's stock valued at $6,137,000 after purchasing an additional 22,483 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Keurig Dr Pepper by 7.0% during the second quarter. ProShare Advisors LLC now owns 2,134,176 shares of the company's stock worth $70,556,000 after purchasing an additional 140,012 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the firm's stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares of the company's stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Up 2.3%

Shares of Keurig Dr Pepper stock opened at $27.44 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a market capitalization of $37.28 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.85 and a beta of 0.34. The firm's 50-day moving average price is $27.98 and its two-hundred day moving average price is $28.83.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, January 2nd. Keurig Dr Pepper's payout ratio is presently 79.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KDP shares. JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, October 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Keurig Dr Pepper in a report on Wednesday. UBS Group reiterated a "buy" rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Wells Fargo & Company increased their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group cut shares of Keurig Dr Pepper from a "buy" rating to a "hold" rating and lowered their price target for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.87.

About Keurig Dr Pepper

Keurig Dr Pepper NASDAQ: KDP is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig's single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company's product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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