Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. grew its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 37.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,462 shares of the company's stock after acquiring an additional 21,686 shares during the quarter. Machina Capital S.A.S.'s holdings in Keurig Dr Pepper were worth $2,719,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Keurig Dr Pepper by 36.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after acquiring an additional 14,473,054 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after buying an additional 8,363,192 shares in the last quarter. Norges Bank purchased a new stake in Keurig Dr Pepper in the fourth quarter worth about $197,819,000. Wellington Management Group LLP grew its holdings in shares of Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Keurig Dr Pepper by 32.3% in the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company's stock valued at $600,189,000 after purchasing an additional 4,562,128 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on KDP shares. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. UBS Group decreased 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 report on Thursday, July 17th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, Barclays lowered 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. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.62.

Insiders Place Their Bets

In related news, Director De Ven Michael G. Van acquired 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at $498,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the completion of the transaction, the director directly owned 2,638,490 shares of the company's stock, valued at approximately $87,334,019. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 698,500 shares of company stock worth $23,557,560 in the last three months. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Down 0.9%

KDP stock traded down $0.30 during trading on Friday, hitting $33.27. 9,825,501 shares of the company's stock traded hands, compared to its average volume of 10,081,027. The business has a fifty day simple moving average of $33.27 and a two-hundred day simple moving average of $33.27. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $45.19 billion, a P/E ratio of 29.71, a PEG ratio of 2.55 and a beta of 0.47. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

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.