Praxis Investment Management Inc. Purchases 10,380 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Praxis Investment Management Inc. grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 112.2% 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 19,630 shares of the company's stock after purchasing an additional 10,380 shares during the period. Praxis Investment Management Inc.'s holdings in Keurig Dr Pepper were worth $672,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. LaFleur & Godfrey LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $806,000. Principal Securities Inc. grew its holdings in shares of Keurig Dr Pepper by 13.2% in the fourth quarter. Principal Securities Inc. now owns 11,162 shares of the company's stock valued at $359,000 after acquiring an additional 1,298 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Keurig Dr Pepper by 10.5% during the fourth quarter. Sanctuary Advisors LLC now owns 86,345 shares of the company's stock valued at $2,784,000 after acquiring an additional 8,190 shares during the last quarter. Ieq Capital LLC increased its position in shares of Keurig Dr Pepper by 34.1% during the fourth quarter. Ieq Capital LLC now owns 66,259 shares of the company's stock valued at $2,128,000 after acquiring an additional 16,856 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Keurig Dr Pepper by 17.4% during the fourth quarter. Handelsbanken Fonder AB now owns 656,342 shares of the company's stock worth $21,082,000 after acquiring an additional 97,398 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Up 1.1%

Shares of NASDAQ:KDP opened at $33.58 on Friday. The firm has a fifty day moving average price of $33.76 and a two-hundred day moving average price of $33.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.47 and a quick ratio of 0.31. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The company has a market cap of $45.61 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.61 and a beta of 0.48.

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

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

Analyst Ratings Changes

KDP has been the subject of several research analyst reports. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. UBS Group increased their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Three investment 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 stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $39.71.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total value of $395,040.00. Following the completion of the sale, the insider now directly owns 118,511 shares of the company's stock, valued at approximately $3,901,382.12. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the transaction, the vice president now owns 62,411 shares of the company's stock, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 686,500 shares of company stock valued at $23,190,720. 0.40% of the stock is owned by company insiders.

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.

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