NBC Securities Inc. Has $464,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

NBC Securities Inc. raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1,356,700.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,568 shares of the company's stock after buying an additional 13,567 shares during the quarter. NBC Securities Inc.'s holdings in Keurig Dr Pepper were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KDP. Townsquare Capital LLC increased its stake in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the period. Barden Capital Management Inc. raised its holdings in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after acquiring an additional 353 shares during the period. New Age Alpha Advisors LLC raised its position 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 valued at $28,000 after buying an additional 389 shares during the period. Denali Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Denali Advisors LLC now owns 35,087 shares of the company's stock worth $1,127,000 after purchasing an additional 406 shares during the period. 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 owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director De Ven Michael G. Van purchased 15,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were bought at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $498,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the sale, the insider now owns 166,511 shares in the company, valued at approximately $5,791,252.58. This trade represents a 6.72% 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 $23,591,400 over the last three months. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Up 0.6%

Shares of NASDAQ KDP traded up $0.21 during midday trading on Friday, hitting $32.77. The stock had a trading volume of 8,121,104 shares, compared to its average volume of 10,751,714. The company's 50-day simple moving average is $34.08 and its 200 day simple moving average is $33.04. The firm has a market cap of $44.51 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $3.57 billion. During the same period last year, the firm earned $0.38 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Barclays upped their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $39.33.

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.