Liberty One Investment Management LLC Has $25.81 Million Stock Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Liberty One Investment Management LLC boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 about 2.6% of Liberty One Investment Management LLC's portfolio, making the stock its 19th largest holding. Liberty One Investment Management LLC owned 0.06% of Keurig Dr Pepper worth $25,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KDP. Townsquare Capital LLC raised its stake in Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after purchasing an additional 327 shares during the period. First American Bank raised its stake in Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after purchasing an additional 344 shares during the period. New Age Alpha Advisors LLC raised its stake in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the period. Citadel Investment Advisory Inc. increased its stake in shares of Keurig Dr Pepper by 6.6% in the first quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after acquiring an additional 400 shares during the last quarter. Finally, Horizon Investments LLC increased its stake in shares of Keurig Dr Pepper by 2.3% in the fourth quarter. Horizon Investments LLC now owns 18,216 shares of the company's stock worth $581,000 after acquiring an additional 411 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.01 on Thursday, reaching $33.66. The stock had a trading volume of 11,455,254 shares, compared to its average volume of 10,960,557. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The firm's 50-day moving average is $33.35 and its two-hundred day moving average is $33.13. The firm has a market capitalization of $45.71 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.62 and a beta of 0.47. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly 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 firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The business's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the transaction, the director directly owned 2,846,490 shares of the company's stock, valued at approximately $97,122,238.80. This trade represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the firm's 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 directly owned 62,411 shares in the company, valued at $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 698,500 shares of company stock valued at $23,580,720 over the last ninety days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in 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 on the stock in a research note on Friday, June 27th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Argus started coverage on shares of 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. UBS Group upped their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.92.

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.