Praxis Investment Management Inc. Has $672,000 Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Praxis Investment Management Inc. lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 112.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,630 shares of the company's stock after buying an additional 10,380 shares during the period. Praxis Investment Management Inc.'s holdings in Keurig Dr Pepper were worth $672,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Townsquare Capital LLC boosted its holdings in shares of Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after buying an additional 327 shares during the period. Barden Capital Management Inc. lifted its position in Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after acquiring an additional 353 shares in the last quarter. New Age Alpha Advisors LLC lifted its position in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Citadel Investment Advisory Inc. boosted its stake 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 worth $221,000 after purchasing an additional 400 shares during the period. Finally, Denali Advisors LLC boosted its stake in Keurig Dr Pepper by 1.2% in the 4th quarter. Denali Advisors LLC now owns 35,087 shares of the company's stock worth $1,127,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Down 1.7%

Shares of NASDAQ KDP traded down $0.57 during trading hours on Wednesday, hitting $32.98. The company had a trading volume of 9,680,359 shares, compared to its average volume of 10,866,101. The stock has a market capitalization of $44.79 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 2.61 and a beta of 0.48. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The firm's 50 day moving average is $33.67 and its 200-day moving average is $33.10.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly 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 firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. Keurig Dr Pepper's payout ratio is 83.64%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Argus assumed coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price on the stock. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Morgan Stanley raised 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 research note on Tuesday, April 1st. 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. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on 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 transaction, the director now directly owns 3,054,490 shares of the company's stock, valued at $103,730,480.40. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's 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 completion of the transaction, the insider now owns 166,511 shares in the company, valued at approximately $5,791,252.58. This represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 698,500 shares of company stock worth $23,594,400. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Company 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.