Banque Cantonale Vaudoise Makes New Investment in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Banque Cantonale Vaudoise acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 83,151 shares of the company's stock, valued at approximately $2,846,000.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in Keurig Dr Pepper by 30.2% during the first quarter. Federated Hermes Inc. now owns 2,093 shares of the company's stock worth $72,000 after purchasing an additional 485 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter worth approximately $68,000. Meeder Advisory Services Inc. raised its position in shares of Keurig Dr Pepper by 13.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 16,212 shares of the company's stock worth $555,000 after purchasing an additional 1,977 shares during the period. Mackenzie Financial Corp boosted its position in shares of Keurig Dr Pepper by 6.2% during the first quarter. Mackenzie Financial Corp now owns 402,554 shares of the company's stock worth $13,775,000 after buying an additional 23,619 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Keurig Dr Pepper by 27.7% during the first quarter. LPL Financial LLC now owns 355,467 shares of the company's stock worth $12,164,000 after buying an additional 77,104 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.67 during mid-day trading on Friday, reaching $33.32. The stock had a trading volume of 11,675,843 shares, compared to its average volume of 10,397,284. The firm has a 50 day moving average price of $33.26 and a two-hundred day moving average price of $33.34. The stock has a market capitalization of $45.26 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.38 and a beta of 0.45. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the transaction, the vice president directly owned 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $33.18, for a total value of $6,901,440.00. Following the transaction, the director directly owned 2,500,169 shares of the company's stock, valued at approximately $82,955,607.42. The trade was a 7.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 490,500 shares of company stock valued at $16,298,360 in the last ninety days. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KDP shares. Royal Bank Of Canada restated an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Argus began 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. Barclays boosted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.77.

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.