Nisa Investment Advisors LLC Buys 242,721 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Nisa Investment Advisors LLC boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 288.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,724 shares of the company's stock after buying an additional 242,721 shares during the period. Nisa Investment Advisors LLC's holdings in Keurig Dr Pepper were worth $11,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New Mexico Educational Retirement Board grew its position in shares of Keurig Dr Pepper by 4.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 52,600 shares of the company's stock worth $1,800,000 after buying an additional 2,200 shares during the period. Liberty One Investment Management LLC lifted its stake in Keurig Dr Pepper by 4.6% during the 1st quarter. Liberty One Investment Management LLC now owns 754,144 shares of the company's stock valued at $25,807,000 after acquiring an additional 33,254 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in Keurig Dr Pepper by 51.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock valued at $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 1st quarter valued at $946,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 4,779.1% in the 1st quarter. Raleigh Capital Management Inc. now owns 11,222 shares of the company's stock worth $384,000 after buying an additional 10,992 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Buying and Selling

In related news, Director De Ven Michael G. Van acquired 15,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were 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 in the company, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the transaction, the director directly owned 2,846,490 shares in the company, valued at approximately $97,122,238.80. The trade was a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock valued at $23,580,720 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded down $0.23 on Monday, hitting $33.26. The stock had a trading volume of 8,439,426 shares, compared to its average volume of 10,980,872. The stock has a market cap of $45.17 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47. 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 business's 50-day simple moving average is $33.33 and its two-hundred day simple moving average is $33.15. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28.

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

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.77%. Keurig Dr Pepper's payout ratio is currently 83.64%.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research reports. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. UBS Group boosted their price objective 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 boosted their price objective for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Barclays cut their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. Finally, Argus began coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus target price of $39.92.

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.