Croban Makes New Investment in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Croban bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,555 shares of the company's stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in KDP. Vanguard Group Inc. increased its holdings in Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after buying an additional 22,856,757 shares during the period. Wellington Management Group LLP raised its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 in the last quarter. Geode Capital Management LLC raised its holdings in Keurig Dr Pepper by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock worth $784,974,000 after purchasing an additional 1,962,195 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Keurig Dr Pepper by 19.6% in the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock worth $693,972,000 after purchasing an additional 3,539,463 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $33.64, for a total transaction of $403,680.00. Following the sale, the insider owned 94,511 shares of the company's stock, valued at $3,179,350.04. This trade represents a 11.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Angela A. Stephens sold 14,500 shares of the firm'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 transaction of $496,480.00. Following the sale, the vice president directly owned 62,411 shares in the company, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock worth $23,580,720 over the last 90 days. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KDP. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. 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. UBS Group boosted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.92.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded down $0.16 during trading hours on Friday, reaching $33.49. The stock had a trading volume of 7,866,704 shares, compared to its average volume of 10,965,669. The stock has a fifty day moving average of $33.35 and a 200 day moving average of $33.14. The stock has a market cap of $45.49 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. Keurig Dr Pepper's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Sell-side analysts predict 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 will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.75%. Keurig Dr Pepper's payout ratio is 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.