Penserra Capital Management LLC Raises Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Penserra Capital Management LLC boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 804.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,800 shares of the company's stock after purchasing an additional 23,838 shares during the period. Penserra Capital Management LLC's holdings in Keurig Dr Pepper were worth $916,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Townsquare Capital LLC grew its holdings 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 worth $505,000 after buying an additional 327 shares in the last quarter. First American Bank grew its holdings in shares of Keurig Dr Pepper by 0.6% in the first quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after purchasing an additional 344 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the period. Citadel Investment Advisory Inc. grew its holdings in shares of Keurig Dr Pepper by 6.6% in the first 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 period. Finally, Horizon Investments LLC boosted its stake in Keurig Dr Pepper by 2.3% during the fourth quarter. Horizon Investments LLC now owns 18,216 shares of the company's stock worth $581,000 after buying an additional 411 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $33.10, for a total value of $6,884,800.00. Following the completion of the transaction, the director owned 2,638,490 shares of the company's stock, valued at approximately $87,334,019. The trade was a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $33.64, for a total transaction of $403,680.00. Following the completion of the transaction, the insider directly owned 94,511 shares of the company's stock, valued at $3,179,350.04. The trade was a 11.27% 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 valued at $23,580,720 over the last 90 days. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Down 0.5%

KDP stock traded down $0.16 during midday trading on Friday, reaching $33.49. 7,866,704 shares of the company were exchanged, compared to its average volume of 10,991,078. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The company has a market cap of $45.49 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47. The stock's 50-day simple moving average is $33.33 and its 200 day simple moving average is $33.15. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm posted $0.38 EPS. Keurig Dr Pepper's quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast 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 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 of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. Keurig Dr Pepper's payout ratio is currently 83.64%.

Analyst Ratings Changes

Several research analysts have weighed in on KDP shares. Barclays lowered their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, UBS Group raised their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.92.

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.