Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Tobam

Tobam lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,434 shares of the company's stock after buying an additional 19,957 shares during the quarter. Keurig Dr Pepper makes up 1.4% of Tobam's investment portfolio, making the stock its 21st largest holding. Tobam's holdings in Keurig Dr Pepper were worth $3,334,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KDP. LaFleur & Godfrey LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter worth about $806,000. Empowered Funds LLC grew its position in shares of Keurig Dr Pepper by 12.2% during the fourth quarter. Empowered Funds LLC now owns 20,060 shares of the company's stock worth $644,000 after buying an additional 2,188 shares in the last quarter. Hartford Investment Management Co. increased its stake in shares of Keurig Dr Pepper by 5.0% during the fourth quarter. Hartford Investment Management Co. now owns 69,474 shares of the company's stock worth $2,232,000 after buying an additional 3,338 shares during the period. Avestar Capital LLC raised its holdings in Keurig Dr Pepper by 15.1% in the fourth quarter. Avestar Capital LLC now owns 22,613 shares of the company's stock valued at $726,000 after acquiring an additional 2,965 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Keurig Dr Pepper by 5.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 570,010 shares of the company's stock worth $18,394,000 after acquiring an additional 30,751 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP traded down $0.12 during mid-day trading on Friday, reaching $33.02. 8,611,871 shares of the company's stock were exchanged, compared to its average volume of 10,806,531. The business's fifty day simple moving average is $33.91 and its 200-day simple moving average is $33.07. The stock has a market capitalization of $44.85 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. 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 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data 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 15.04% and a return on equity of 10.45%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the firm posted $0.38 EPS. Keurig Dr Pepper's revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the transaction, the vice president now directly owns 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the sale, the insider now directly owns 166,511 shares of the company's stock, valued at approximately $5,791,252.58. This trade represents a 6.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 698,500 shares of company stock worth $23,591,400 in the last three months. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KDP shares. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Barclays upped their price objective on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Finally, HSBC raised 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 research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.33.

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.