45,820 Shares in Keurig Dr Pepper, Inc (NASDAQ:KDP) Purchased by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,820 shares of the company's stock, valued at approximately $1,568,000.

A number of other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new position in Keurig Dr Pepper during the first quarter worth $27,000. New Age Alpha Advisors LLC raised its holdings in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper during the fourth quarter worth $42,000. Continuum Advisory LLC raised its holdings in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper during the first quarter worth $48,000. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KDP shares. Argus started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target for the company. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price target for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Royal Bank Of Canada restated an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $39.62.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the transaction, the vice president directly owned 62,411 shares in the company, valued at $2,136,952.64. This represents a 18.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares of the company's stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock worth $23,557,560 over the last 90 days. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Down 1.0%

Shares of KDP stock traded down $0.35 during mid-day trading on Friday, reaching $33.54. 7,623,961 shares of the company's stock traded hands, compared to its average volume of 11,000,776. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a market cap of $45.55 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.58 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. The company's 50-day moving average price is $33.25 and its 200-day moving average price is $33.19.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations 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 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, equities analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's 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.