GAMMA Investing LLC Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

GAMMA Investing LLC lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 4,117.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,934 shares of the company's stock after purchasing an additional 332,850 shares during the quarter. GAMMA Investing LLC's holdings in Keurig Dr Pepper were worth $11,667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. First Hawaiian Bank raised its holdings in Keurig Dr Pepper by 229.6% in the 1st quarter. First Hawaiian Bank now owns 25,673 shares of the company's stock worth $879,000 after acquiring an additional 17,884 shares during the last quarter. Norman Fields Gottscho Capital Management LLC raised its holdings in Keurig Dr Pepper by 13.5% in the 1st quarter. Norman Fields Gottscho Capital Management LLC now owns 7,150 shares of the company's stock worth $245,000 after acquiring an additional 850 shares during the last quarter. California State Teachers Retirement System raised its holdings in Keurig Dr Pepper by 6.4% in the 4th quarter. California State Teachers Retirement System now owns 1,998,198 shares of the company's stock worth $64,182,000 after acquiring an additional 119,546 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Keurig Dr Pepper by 10.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,532 shares of the company's stock worth $820,000 after acquiring an additional 2,355 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $11,863,000. 93.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total transaction of $417,360.00. Following the completion of the sale, the insider now owns 166,511 shares of the company's stock, valued at $5,791,252.58. The trade was a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction dated 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 now directly owns 62,411 shares of the company's stock, valued at $2,136,952.64. This represents a 18.85% 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 valued at $23,591,400. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Barclays boosted their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Argus initiated coverage on shares of 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. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.21 on Friday, reaching $32.77. 8,121,104 shares of the company's stock traded hands, compared to its average volume of 10,772,004. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 2.42 and a beta of 0.48. The stock has a 50 day moving average price of $34.03 and a 200-day moving average price of $33.06. 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 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.81%. Keurig Dr Pepper's payout ratio is 83.64%.

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.