Blueshift Asset Management LLC Invests $1.26 Million in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Blueshift Asset Management LLC made a new investment in Keurig Dr Pepper, acquiring approximately 36,951 shares valued at $1.26 million.
• Institutional investors now own 93.99% of Keurig Dr Pepper's stock, with various firms making notable changes to their positions in the first quarter.
• Keurig Dr Pepper declared a quarterly dividend of $0.23 per share, resulting in an annualized yield of 2.8% and a payout ratio of 82.14%.

Blueshift Asset Management LLC bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,951 shares of the company's stock, valued at approximately $1,264,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its holdings in shares of Keurig Dr Pepper by 46.1% in the fourth quarter. Blair William & Co. IL now owns 11,729 shares of the company's stock valued at $377,000 after buying an additional 3,700 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the period. Schroder Investment Management Group grew its holdings in shares of Keurig Dr Pepper by 87.2% during the 4th quarter. Schroder Investment Management Group now owns 708,669 shares of the company's stock valued at $22,649,000 after acquiring an additional 330,153 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Keurig Dr Pepper by 11.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 64,506 shares of the company's stock valued at $2,007,000 after acquiring an additional 6,659 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $42,000. Institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the sale, the vice president owned 62,411 shares in the company, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $33.18, for a total transaction of $6,901,440.00. Following the completion of the sale, the director owned 2,500,169 shares of the company's stock, valued at $82,955,607.42. This trade represents a 7.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 490,500 shares of company stock worth $16,298,360 over the last three months. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Up 2.1%

Keurig Dr Pepper stock traded up $0.67 during mid-day trading on Friday, reaching $33.32. The company's stock had a trading volume of 11,675,843 shares, compared to its average volume of 10,397,284. 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, Inc has a 12 month low of $30.12 and a 12 month high of $38.28. The business's 50 day simple moving average is $33.26 and its 200 day simple moving average is $33.35. The company has a market capitalization of $45.26 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 2.43 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. Keurig Dr Pepper's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's payout ratio is currently 82.14%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KDP shares. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. UBS Group reduced their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the stock from $36.00 to $42.00 in a research report 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.77.

About Keurig Dr Pepper

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.