Liberty One Investment Management LLC Increases Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Liberty One Investment Management LLC grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 754,144 shares of the company's stock after purchasing an additional 33,254 shares during the period. Keurig Dr Pepper makes up 2.6% of Liberty One Investment Management LLC's holdings, making the stock its 19th largest position. Liberty One Investment Management LLC owned approximately 0.06% of Keurig Dr Pepper worth $25,807,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KDP. China Universal Asset Management Co. Ltd. grew its holdings in Keurig Dr Pepper by 51.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock worth $1,154,000 after acquiring an additional 11,435 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in Keurig Dr Pepper during the first quarter worth about $946,000. Raleigh Capital Management Inc. grew its holdings in Keurig Dr Pepper by 4,779.1% during the first quarter. Raleigh Capital Management Inc. now owns 11,222 shares of the company's stock worth $384,000 after acquiring an additional 10,992 shares during the period. Envestnet Asset Management Inc. grew its holdings in Keurig Dr Pepper by 13.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company's stock worth $96,609,000 after acquiring an additional 339,530 shares during the period. Finally, Penserra Capital Management LLC grew its holdings in Keurig Dr Pepper by 804.8% during the first quarter. Penserra Capital Management LLC now owns 26,800 shares of the company's stock worth $916,000 after acquiring an additional 23,838 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the transaction, the vice president owned 62,411 shares in the company, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $33.64, for a total value of $403,680.00. Following the transaction, the insider owned 94,511 shares in the company, valued at approximately $3,179,350.04. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 698,500 shares of company stock worth $23,580,720. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on KDP shares. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Barclays dropped their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, June 27th. HSBC raised 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 report on Friday, April 25th. UBS Group raised their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.92.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $0.16 during midday trading on Friday, hitting $33.49. The stock had a trading volume of 7,866,704 shares, compared to its average volume of 10,965,669. The company has a market capitalization of $45.49 billion, a PE ratio of 30.45, a P/E/G ratio of 2.59 and a beta of 0.47. The stock has a 50 day simple moving average of $33.33 and a 200-day simple moving average of $33.14. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. 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 released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. On average, sell-side analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal 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. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

About Keurig Dr Pepper

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.