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

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC grew its stake in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $42,000. LRI Investments LLC lifted its holdings in shares of Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after acquiring an additional 605 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KDP has been the subject of several analyst reports. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Barclays lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, April 28th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Argus initiated coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 913,850 shares of company stock valued at $31,235,950. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Up 1.1%

Shares of Keurig Dr Pepper stock traded up $0.37 on Thursday, reaching $33.10. The stock had a trading volume of 3,262,634 shares, compared to its average volume of 10,581,585. The stock has a market capitalization of $44.95 billion, a P/E ratio of 20.04, a P/E/G ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $34.19 and a 200 day moving average price of $33.03.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the previous year, the business posted $0.38 EPS. The business's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, June 27th. 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.