ING Groep NV Purchases 53,249 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• ING Groep NV increased its stake in Keurig Dr Pepper, Inc. by 23.7%, acquiring an additional 53,249 shares, bringing their total holdings to 277,884 shares valued at approximately $9.5 million.
• Keurig Dr Pepper reported a revenue increase of 6.1% year-over-year, totaling $4.16 billion for the latest quarter and matching the expected earnings per share of $0.49.
• Several analysts have raised their price targets for Keurig Dr Pepper, with Piper Sandler increasing its target from $35 to $40, and a consensus price target now set at $39.77.

ING Groep NV boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,884 shares of the company's stock after buying an additional 53,249 shares during the quarter. ING Groep NV's holdings in Keurig Dr Pepper were worth $9,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in Keurig Dr Pepper in the first quarter valued at approximately $27,000. Continuum Advisory LLC boosted its position in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after purchasing an additional 602 shares during the period. Global Trust Asset Management LLC bought a new position in Keurig Dr Pepper during the 1st quarter worth $48,000. LRI Investments LLC grew its stake in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after buying an additional 605 shares during the last quarter. Finally, Riverview Trust Co increased its position in Keurig Dr Pepper by 47.7% in the first quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after buying an additional 552 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

KDP stock traded up $0.52 on Friday, hitting $34.42. 6,662,918 shares of the company's stock traded hands, compared to its average volume of 12,149,521. The stock has a market cap of $46.76 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.44 and a beta of 0.45. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $33.30 and a 200-day moving average of $33.39.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. Keurig Dr Pepper's dividend payout ratio (DPR) is 82.14%.

Insider Activity at Keurig Dr Pepper

In related news, Director De Ven Michael G. Van acquired 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The transaction 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 business's 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 sale, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 672,000 shares of company stock worth $22,235,760 in the last quarter. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Argus assumed coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target for the company. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. 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. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. 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's stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus price target of $39.77.

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.