Liberty One Investment Management LLC Buys 33,254 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted 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 in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in Keurig Dr Pepper during the first quarter worth about $946,000. Raleigh Capital Management Inc. lifted 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 in the last quarter. Envestnet Asset Management Inc. lifted 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 in the last quarter. Finally, Penserra Capital Management LLC lifted 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 in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the completion of the sale, the director owned 2,846,490 shares in the company, valued at $97,122,238.80. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director De Ven Michael G. Van acquired 15,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at approximately $498,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 698,500 shares of company stock worth $23,580,720. Company insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KDP shares. 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. UBS Group lifted their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Argus started coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target on the stock. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Two equities research 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. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.92.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded down $0.38 during midday trading on Wednesday, reaching $33.65. 13,569,740 shares of the company's stock were exchanged, compared to its average volume of 10,950,643. 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 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.62 and a beta of 0.47. The stock's 50-day simple moving average is $33.35 and its 200 day simple moving average is $33.13.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter last year, the company posted $0.38 earnings per share. Keurig Dr Pepper's quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is currently 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.