Janney Montgomery Scott LLC boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 46.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,904 shares of the company's stock after purchasing an additional 38,269 shares during the period. Janney Montgomery Scott LLC's holdings in Keurig Dr Pepper were worth $4,137,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ grew its holdings in Keurig Dr Pepper by 53.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after acquiring an additional 112,819 shares during the last quarter. RWC Asset Management LLP lifted its position in shares of Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after purchasing an additional 398,916 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $400,000. Raymond James Financial Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $57,995,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Keurig Dr Pepper during the first quarter valued at $4,091,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
KDP has been the topic of several recent research reports. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Argus started coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Three 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.71.
Read Our Latest Research Report on KDP
Keurig Dr Pepper Price Performance
NASDAQ:KDP opened at $33.26 on Tuesday. 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 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The stock's 50-day simple moving average is $33.71 and its 200 day simple moving average is $33.10. The company has a market cap of $45.17 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.61 and a beta of 0.49.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The company's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The company 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 $0.23 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.77%. Keurig Dr Pepper's payout ratio is 83.64%.
Insider Activity at Keurig Dr Pepper
In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the sale, the insider now owns 166,511 shares in the company, valued at approximately $5,791,252.58. This represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the transaction, the director now directly owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. This trade represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 686,500 shares of company stock worth $23,190,720. Insiders own 1.00% of the company's stock.
About Keurig Dr Pepper
(
Free Report)
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.
Further Reading
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