Envestnet Asset Management Inc. Boosts Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Envestnet Asset Management Inc. boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,823,185 shares of the company's stock after purchasing an additional 339,530 shares during the period. Envestnet Asset Management Inc. owned approximately 0.21% of Keurig Dr Pepper worth $96,609,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. purchased a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $27,000. New Age Alpha Advisors LLC lifted its stake in Keurig Dr Pepper by 82.8% in 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 in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper in the 4th quarter worth $42,000. Continuum Advisory LLC lifted its stake in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper in the 1st quarter worth $48,000. Institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In related news, Director De Ven Michael G. Van bought 15,000 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the purchase, the director directly owned 15,000 shares of the company's stock, valued at approximately $498,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $33.64, for a total transaction of $403,680.00. Following the completion of the transaction, the insider owned 94,511 shares in the company, valued at $3,179,350.04. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock valued at $23,580,720 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Barclays decreased their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 27th. UBS Group boosted 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 note on Thursday, April 17th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, Argus started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.92.

Keurig Dr Pepper Trading Down 0.7%

NASDAQ:KDP traded down $0.23 during mid-day trading on Monday, hitting $33.26. 8,438,517 shares of the stock traded hands, compared to its average volume of 10,980,869. The stock has a market capitalization of $45.17 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 2.58 and a beta of 0.47. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The firm's 50 day moving average is $33.33 and its two-hundred day moving average is $33.15. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly 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. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

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.