China Universal Asset Management Co. Ltd. Buys 11,435 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

China Universal Asset Management Co. Ltd. lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 51.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,510 shares of the company's stock after acquiring an additional 11,435 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Keurig Dr Pepper were worth $1,154,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KDP. Jones Financial Companies Lllp increased its position in shares of Keurig Dr Pepper by 96.8% during the fourth quarter. Jones Financial Companies Lllp now owns 13,765 shares of the company's stock worth $442,000 after acquiring an additional 6,769 shares in the last quarter. Keybank National Association OH increased its position in shares of Keurig Dr Pepper by 27.5% during the fourth quarter. Keybank National Association OH now owns 14,911 shares of the company's stock worth $479,000 after acquiring an additional 3,217 shares in the last quarter. Assetmark Inc. increased its position in shares of Keurig Dr Pepper by 7.6% during the fourth quarter. Assetmark Inc. now owns 38,380 shares of the company's stock worth $1,233,000 after acquiring an additional 2,706 shares in the last quarter. M&T Bank Corp increased its position in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. M&T Bank Corp now owns 75,620 shares of the company's stock worth $2,429,000 after acquiring an additional 677 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $3,820,000. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP traded down $0.08 during midday trading on Thursday, reaching $33.58. The stock had a trading volume of 10,057,925 shares, compared to its average volume of 10,948,117. The firm has a 50 day simple moving average of $33.35 and a 200-day simple moving average of $33.13. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The firm has a market cap of $45.60 billion, a PE ratio of 30.50, a P/E/G ratio of 2.62 and a beta of 0.47. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the completion of the sale, the director owned 2,638,490 shares in the company, valued at approximately $87,334,019. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director De Ven Michael G. Van bought 15,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were bought at an average price of $33.20 per share, with a total value of $498,000.00. Following the purchase, the director owned 15,000 shares in the company, valued at $498,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 698,500 shares of company stock worth $23,580,720. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KDP has been the subject of several research reports. UBS Group increased their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their target price for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average price target of $39.92.

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.