Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,800 shares of the company's stock after purchasing an additional 20,000 shares during the period. KLP Kapitalforvaltning AS's holdings in Keurig Dr Pepper were worth $14,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Townsquare Capital LLC lifted its stake 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 buying an additional 327 shares during the period. First American Bank increased its position in Keurig Dr Pepper by 0.6% during the first 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 last quarter. Allworth Financial LP increased its position in Keurig Dr Pepper by 3.8% during the first quarter. Allworth Financial LP now owns 10,242 shares of the company's stock worth $353,000 after purchasing an additional 371 shares during the last quarter. New Age Alpha Advisors LLC increased its position in Keurig Dr Pepper by 82.8% during 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 during the last quarter. Finally, Citadel Investment Advisory Inc. increased its position in Keurig Dr Pepper by 6.6% during the first quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Down 0.9%

KDP traded down $0.30 during trading hours on Friday, reaching $33.27. 9,825,501 shares of the stock traded hands, compared to its average volume of 10,081,027. The firm's fifty day simple moving average is $33.27 and its two-hundred day simple moving average is $33.27. The company has a market cap of $45.19 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.55 and a beta of 0.47. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.31.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the firm posted $0.45 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.77%. Keurig Dr Pepper's payout ratio is currently 82.14%.

Insider Activity

In other news, Director De Ven Michael G. Van acquired 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated 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 sale, the vice president directly owned 62,411 shares in the company, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock worth $23,557,560 in the last 90 days. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KDP shares. Barclays dropped their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research report 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 report on Friday, April 25th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. UBS Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.62.

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.