Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,974 shares of the company's stock after purchasing an additional 12,475 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Keurig Dr Pepper were worth $2,408,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC raised its holdings in Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock worth $893,000 after purchasing an additional 342 shares in the last quarter. Barden Capital Management Inc. raised its holdings in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after purchasing an additional 353 shares in the last quarter. Custom Index Systems LLC raised its holdings in Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after purchasing an additional 357 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in Keurig Dr Pepper by 82.8% in the fourth 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. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.06 during trading hours on Friday, reaching $33.51. The stock had a trading volume of 18,639,214 shares, compared to its average volume of 10,693,313. The stock has a fifty day moving average of $34.17 and a 200 day moving average of $33.03. The stock has a market cap of $45.51 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. 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 quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. 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 firm earned $0.38 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.75%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. UBS Group upped their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Four equities 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's stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $39.33.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the transaction, the insider now directly owns 178,511 shares of the company's stock, valued at $5,960,482.29. This represents a 6.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now directly owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. The trade was a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 913,850 shares of company stock worth $31,235,950. Corporate insiders own 0.40% of the company's stock.

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.