Keurig Dr Pepper, Inc (NASDAQ:KDP) Holdings Raised by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. significantly increased its stake in Keurig Dr Pepper by 3,654.9%, now owning 352,738 shares worth approximately $12.07 million.
• Keurig Dr Pepper's stock performance shows a current price of $32.65, with a market cap of $44.35 billion and a P/E ratio of 29.15.
• The company reported a 6.1% year-over-year increase in revenue, reaching $4.16 billion, while maintaining a stable earnings per share (EPS) of $0.49 for the latest quarter.

Jefferies Financial Group Inc. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 3,654.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 352,738 shares of the company's stock after purchasing an additional 343,344 shares during the period. Jefferies Financial Group Inc.'s holdings in Keurig Dr Pepper were worth $12,071,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KDP. Price T Rowe Associates Inc. MD increased its stake in Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after buying an additional 14,473,054 shares during the last quarter. Geode Capital Management LLC lifted its stake in Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after purchasing an additional 1,962,195 shares during the last quarter. Invesco Ltd. grew its holdings in Keurig Dr Pepper by 19.6% in the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock worth $693,972,000 after purchasing an additional 3,539,463 shares during the period. Northern Trust Corp grew its holdings in shares of Keurig Dr Pepper by 20.6% during the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock valued at $436,788,000 after buying an additional 2,320,614 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Keurig Dr Pepper by 18.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company's stock worth $318,836,000 after purchasing an additional 1,548,622 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KDP shares. Barclays reaffirmed an "overweight" rating and set a $39.00 target price (up previously from $37.00) on shares of Keurig Dr Pepper in a report on Monday, July 28th. 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. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. UBS Group dropped their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $39.77.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded up $0.12 during trading on Tuesday, reaching $33.40. The company had a trading volume of 4,166,084 shares, compared to its average volume of 12,213,576. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The firm's 50-day simple moving average is $33.27 and its 200 day simple moving average is $33.38. The firm has a market capitalization of $45.37 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 2.43 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.8%. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $33.18, for a total transaction of $6,901,440.00. Following the completion of the sale, the director owned 2,500,169 shares in the company, valued at approximately $82,955,607.42. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the transaction, the vice president directly owned 62,411 shares in the company, valued at $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 478,500 shares of company stock worth $15,889,040. Corporate insiders own 1.00% of the company's stock.

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.