257,078 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 257,078 shares of the company's stock, valued at approximately $8,257,000.

Other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC grew its stake in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper in the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper in the fourth quarter worth about $42,000. LRI Investments LLC grew its stake in Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Keurig Dr Pepper in the fourth quarter worth about $70,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of KDP traded down $0.05 during mid-day trading on Tuesday, reaching $32.87. 11,803,499 shares of the company's stock traded hands, compared to its average volume of 10,613,372. The business's 50-day moving average price is $34.22 and its 200-day moving average price is $33.03. The stock has a market capitalization of $44.64 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. 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 Inc. has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results 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 return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.80%. Keurig Dr Pepper's payout ratio is 83.64%.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the transaction, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. The trade was a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,863,850 shares of company stock valued at $2,772,203,450 over the last quarter. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

KDP has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their target price for the company from $36.00 to $42.00 in a research note on Friday, April 25th. UBS Group lifted their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Four research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

Keurig Dr Pepper 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.