Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Keurig Dr Pepper, Inc by 9.8%, now owning 943,996 shares valued at approximately $32.3 million.
• Analysts have given a consensus rating of "Moderate Buy" for KDP, with a target price around $39.77, reflecting positive sentiment towards the stock.
• Keurig Dr Pepper recently declared a quarterly dividend of $0.23, resulting in an annualized yield of 2.8%, with a payout ratio of 82.14%.

Natixis Advisors LLC increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 943,996 shares of the company's stock after buying an additional 83,920 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Keurig Dr Pepper worth $32,304,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KDP. North Star Asset Management Inc. purchased a new stake in shares of Keurig Dr Pepper in the first quarter worth $202,000. Modera Wealth Management LLC lifted its stake in Keurig Dr Pepper by 8.0% during the first quarter. Modera Wealth Management LLC now owns 99,337 shares of the company's stock worth $3,399,000 after purchasing an additional 7,368 shares during the last quarter. XTX Topco Ltd bought a new stake in Keurig Dr Pepper during the first quarter worth about $4,331,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Keurig Dr Pepper by 7.4% in the first quarter. Harvest Fund Management Co. Ltd now owns 85,705 shares of the company's stock worth $2,932,000 after buying an additional 5,875 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Keurig Dr Pepper in the first quarter worth about $2,846,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on KDP. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Barclays reaffirmed an "overweight" rating and issued a $39.00 price target (up previously from $37.00) on shares of Keurig Dr Pepper in a report on Monday, July 28th. Argus began coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Finally, UBS Group reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Two research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.77.

Keurig Dr Pepper Trading Up 0.3%

NASDAQ:KDP traded up $0.10 on Tuesday, hitting $33.38. The stock had a trading volume of 3,737,452 shares, compared to its average volume of 12,211,165. The company has a fifty day moving average price of $33.27 and a two-hundred day moving average price of $33.38. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The stock has a market cap of $45.34 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.43 and a beta of 0.45.

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

Keurig Dr Pepper Dividend Announcement

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

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director De Ven Michael G. Van bought 15,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was purchased at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company's stock, valued at approximately $498,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 478,500 shares of company stock worth $15,889,040. 1.00% of the stock is currently owned by insiders.

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.