Envestnet Asset Management Inc. grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,823,185 shares of the company's stock after buying an additional 339,530 shares during the period. Envestnet Asset Management Inc. owned 0.21% of Keurig Dr Pepper worth $96,609,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in KDP. Townsquare Capital LLC increased its position in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the last quarter. First American Bank boosted its position in shares of Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company's stock worth $2,038,000 after purchasing an additional 344 shares during the period. New Age Alpha Advisors LLC boosted its position in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the period. Citadel Investment Advisory Inc. increased its holdings in Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock valued at $221,000 after purchasing an additional 400 shares during the last quarter. Finally, Horizon Investments LLC raised its position in Keurig Dr Pepper by 2.3% in the fourth quarter. Horizon Investments LLC now owns 18,216 shares of the company's stock valued at $581,000 after purchasing an additional 411 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on KDP shares. Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. UBS Group increased their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Two 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. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $39.92.
View Our Latest Analysis on KDP
Keurig Dr Pepper Stock Down 0.5%
Shares of NASDAQ:KDP traded down $0.16 during trading hours on Friday, reaching $33.49. The stock had a trading volume of 7,866,704 shares, compared to its average volume of 10,965,669. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The firm's 50 day moving average is $33.33 and its 200-day moving average is $33.14. The stock has a market capitalization of $45.49 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.59 and a beta of 0.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict 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. Stockholders of record on Friday, June 27th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.
Insiders Place Their Bets
In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $33.10, for a total value of $6,884,800.00. Following the sale, the director owned 2,638,490 shares in the company, valued at $87,334,019. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock worth $23,580,720 in the last three months. 0.40% of the stock is owned by company insiders.
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.
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