E Fund Management Co. Ltd. Acquires 18,793 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• E Fund Management Co. Ltd. increased its holdings in Keurig Dr Pepper, Inc. by 99.5%, acquiring an additional 18,793 shares, bringing its total position to 37,683 shares valued at approximately $1.29 million.
• The company's latest quarterly earnings report showed an earnings per share of $0.49, meeting analyst expectations, with revenue of $4.16 billion, indicating a 6.1% year-over-year increase.
• Keurig Dr Pepper announced a quarterly dividend of $0.23 per share, with a payout ratio of 82.14%, providing a yield of 2.6% to stockholders.

E Fund Management Co. Ltd. lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 99.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,683 shares of the company's stock after buying an additional 18,793 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Keurig Dr Pepper were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of KDP. Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after buying an additional 25,425,644 shares during the period. JPMorgan Chase & Co. increased its position in shares of Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after buying an additional 20,196,835 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Keurig Dr Pepper by 36.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after buying an additional 14,473,054 shares during the period. Northern Trust Corp increased its position in shares of Keurig Dr Pepper by 20.6% during the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock valued at $436,788,000 after buying an additional 2,320,614 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Keurig Dr Pepper by 18.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company's stock valued at $318,836,000 after buying an additional 1,548,622 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced 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. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the stock from $36.00 to $42.00 in a report on Friday, April 25th. 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. Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, Barclays upped their price objective on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $39.77.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total transaction of $395,040.00. Following the transaction, the insider owned 118,511 shares in the company, valued at $3,901,382.12. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred 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 approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 672,000 shares of company stock worth $22,235,760 over the last quarter. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Up 0.4%

Shares of NASDAQ:KDP traded up $0.15 during trading on Friday, reaching $34.78. 6,246,850 shares of the stock traded hands, compared to its average volume of 9,794,757. The stock has a 50-day moving average of $33.50 and a two-hundred day moving average of $33.54. 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 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The stock has a market cap of $47.25 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.54 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given 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 yield of 2.6%. Keurig Dr Pepper's dividend payout ratio is 82.14%.

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.