Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Bought by Choreo LLC

Choreo LLC increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 203.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,354 shares of the company's stock after purchasing an additional 27,061 shares during the period. Choreo LLC's holdings in Keurig Dr Pepper were worth $1,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KDP. Price T Rowe Associates Inc. MD boosted its position in shares of Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after purchasing an additional 8,363,192 shares during the period. Norges Bank bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth approximately $197,819,000. Wellington Management Group LLP boosted its position in shares of Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after purchasing an additional 5,646,179 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Keurig Dr Pepper by 32.3% during the fourth quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company's stock worth $600,189,000 after acquiring an additional 4,562,128 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KDP shares. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group dropped 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 report on Thursday, July 17th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.62.

Insider Transactions at Keurig Dr Pepper

In other news, Director De Ven Michael G. Van purchased 15,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average price of $33.20 per share, with a total value of $498,000.00. Following the purchase, the director directly owned 15,000 shares of the company's stock, valued at $498,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction 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 transaction, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 698,500 shares of company stock worth $23,557,560. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded down $0.30 during midday trading on Friday, reaching $33.27. The company's stock had a trading volume of 9,825,501 shares, compared to its average volume of 10,081,027. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.64. The stock's 50 day simple moving average is $33.27 and its 200 day simple moving average is $33.27. The firm has a market capitalization of $45.19 billion, a PE ratio of 29.71, a P/E/G ratio of 2.55 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The company 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 company earned $0.45 earnings per share. Keurig Dr Pepper's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current 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 paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) 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.