Raiffeisen Bank International AG Invests $295,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Raiffeisen Bank International AG acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,218 shares of the company's stock, valued at approximately $295,000.

Several other hedge funds also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC raised its position in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the period. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $42,000. LRI Investments LLC lifted its position in Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after buying an additional 605 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after buying an additional 554 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 0.4%

Shares of KDP traded down $0.15 during midday trading on Friday, hitting $32.87. The company had a trading volume of 2,242,065 shares, compared to its average volume of 10,537,439. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The firm has a market capitalization of $44.64 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.42 and a beta of 0.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company's 50-day simple moving average is $34.24 and its 200-day simple moving average is $33.03.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KDP. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Argus began coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target on the stock. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. 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 report on Friday, April 25th. Finally, UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Four 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $39.33.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the transaction, the vice president now directly owns 62,411 shares of the company's stock, valued at $2,136,952.64. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. Corporate 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.