Leigh Baldwin & CO. LLC Buys Shares of 9,246 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Leigh Baldwin & CO. LLC purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,246 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors also recently modified their holdings of KDP. New Age Alpha Advisors LLC raised its holdings 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 acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $42,000. LRI Investments LLC raised its holdings in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after acquiring an additional 605 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $70,000. 93.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on KDP shares. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Argus assumed coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Four 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $39.33.

Insider Activity

In related news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the sale, the insider now directly owns 154,511 shares in the company, valued at $5,499,046.49. This represents a 7.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 913,850 shares of company stock valued at $31,235,950. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.06 on Friday, hitting $33.51. The stock had a trading volume of 18,639,214 shares, compared to its average volume of 10,682,134. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The business's 50 day moving average is $34.17 and its two-hundred day moving average is $33.03. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

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 10.45% and a net margin of 15.04%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is 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.