44,200 Shares in Keurig Dr Pepper, Inc (NASDAQ:KDP) Purchased by CCM Investment Group LLC

Key Points

• CCM Investment Group LLC has invested approximately $1.49 million by acquiring 44,200 shares of Keurig Dr Pepper, Inc. during the first quarter.
• Analyst ratings for Keurig Dr Pepper show a consensus of "Moderate Buy" with price targets ranging from $38 to $42.
• Keurig Dr Pepper reported a revenue of $4.16 billion for the last quarter, surpassing analyst expectations and achieving a year-over-year revenue increase of 6.1%.

CCM Investment Group 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 disclosure with the Securities and Exchange Commission (SEC). The fund bought 44,200 shares of the company's stock, valued at approximately $1,491,000.

Other hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper during the 1st quarter worth about $27,000. Continuum Advisory LLC raised its holdings in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after acquiring an additional 602 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter worth approximately $48,000. LRI Investments LLC boosted its position in Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after buying an additional 605 shares during the last quarter. Finally, Riverview Trust Co boosted its position in shares of Keurig Dr Pepper by 47.7% in the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after purchasing an additional 552 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director De Ven Michael G. Van purchased 15,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were acquired at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the purchase, the director directly owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 672,000 shares of company stock worth $22,235,760 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KDP. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Barclays increased their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Argus started 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. UBS Group cut their target price on 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, JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.77.

Keurig Dr Pepper Trading Up 0.5%

Shares of Keurig Dr Pepper stock traded up $0.19 during trading on Tuesday, reaching $34.81. 7,705,961 shares of the stock were exchanged, compared to its average volume of 10,111,649. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The stock's fifty day moving average is $33.38 and its 200 day moving average is $33.48. The firm has a market cap of $47.29 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.52 and a beta of 0.45. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28.

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 (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was up 6.1% compared to the same quarter last year. As a group, equities research 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 company also recently declared 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. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

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.