Oppenheimer & Co. Inc. Purchases 23,602 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Oppenheimer & Co. Inc. boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 189.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,046 shares of the company's stock after buying an additional 23,602 shares during the period. Oppenheimer & Co. Inc.'s holdings in Keurig Dr Pepper were worth $1,233,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KDP. Skandinaviska Enskilda Banken AB publ raised its holdings in Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock valued at $10,400,000 after buying an additional 112,819 shares during the last quarter. Praxis Investment Management Inc. raised its holdings in Keurig Dr Pepper by 112.2% in the 1st quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock valued at $672,000 after buying an additional 10,380 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $4,091,000. Aspire Private Capital LLC bought a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $1,177,000. Finally, Raymond James Financial Inc. bought a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $57,995,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total transaction of $417,360.00. Following the transaction, the insider now directly owns 166,511 shares of the company's stock, valued at $5,791,252.58. The trade was a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the completion of the sale, the director now owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 698,500 shares of company stock valued at $23,594,400. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 0.6%

Shares of KDP stock traded down $0.19 during trading hours on Friday, hitting $32.85. 10,275,710 shares of the company were exchanged, compared to its average volume of 10,882,557. The firm has a market cap of $44.62 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.53 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 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The company has a 50 day simple moving average of $33.53 and a two-hundred day simple moving average of $33.09.

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

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is currently 83.64%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KDP. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. UBS Group raised their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Finally, Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target for the company. Two 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.92.

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.