New Age Alpha Advisors LLC increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 9,599.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,319 shares of the company's stock after purchasing an additional 82,460 shares during the period. New Age Alpha Advisors LLC's holdings in Keurig Dr Pepper were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $27,000. Continuum Advisory LLC boosted its position in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth approximately $48,000. LRI Investments LLC increased its holdings in shares of Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Riverview Trust Co lifted its stake in shares of Keurig Dr Pepper by 47.7% in the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock valued at $59,000 after purchasing an additional 552 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently commented on KDP. Barclays raised their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. UBS Group cut their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Two equities research 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 company's stock. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $39.77.
Check Out Our Latest Report on Keurig Dr Pepper
Insider Activity at Keurig Dr Pepper
In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the sale, the director owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total value of $395,040.00. Following the transaction, the insider owned 118,511 shares of the company's stock, valued at approximately $3,901,382.12. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 672,000 shares of company stock worth $22,235,760. Insiders own 0.40% of the company's stock.
Keurig Dr Pepper Trading Up 1.5%
NASDAQ KDP traded up $0.52 on Friday, reaching $34.42. 6,662,959 shares of the company were exchanged, compared to its average volume of 10,135,060. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The business's fifty day moving average price is $33.31 and its 200 day moving average price is $33.41. The stock has a market capitalization of $46.76 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The company's revenue was up 6.1% compared to the same quarter last year. Analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.
Keurig Dr Pepper Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.7%. Keurig Dr Pepper's dividend payout ratio is currently 82.14%.
About Keurig Dr Pepper
(
Free Report)
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.
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