Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Bought by Oak Thistle LLC

Oak Thistle LLC boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 61.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,173 shares of the company's stock after purchasing an additional 16,761 shares during the period. Oak Thistle LLC's holdings in Keurig Dr Pepper were worth $1,512,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in KDP. Townsquare Capital LLC increased 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 worth $505,000 after acquiring an additional 327 shares during the period. First American Bank increased 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 worth $2,038,000 after acquiring an additional 344 shares during the period. Allworth Financial LP increased its stake in shares of Keurig Dr Pepper by 3.8% in the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company's stock valued at $353,000 after purchasing an additional 371 shares during the last quarter. New Age Alpha Advisors LLC lifted its holdings 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 worth $28,000 after buying an additional 389 shares during the period. Finally, Citadel Investment Advisory Inc. increased its position in Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock valued at $221,000 after buying an additional 400 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KDP shares. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Barclays decreased 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 report on Friday, June 27th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $39.62.

Insider Activity

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the transaction, the director owned 2,638,490 shares in the company, valued at approximately $87,334,019. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 698,500 shares of company stock worth $23,557,560. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.30 during trading hours on Friday, reaching $33.27. The company's stock had a trading volume of 9,825,501 shares, compared to its average volume of 10,081,027. The stock has a market cap of $45.19 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.55 and a beta of 0.47. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The firm has a 50 day moving average price of $33.27 and a 200-day moving average price of $33.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.31.

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, hitting 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 during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The company's revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. Keurig Dr Pepper's payout ratio is 82.14%.

About Keurig Dr Pepper

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.