Rhumbline Advisers Raises Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Rhumbline Advisers increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 12.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,356,047 shares of the company's stock after buying an additional 257,269 shares during the period. Rhumbline Advisers owned about 0.17% of Keurig Dr Pepper worth $80,624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Townsquare Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after purchasing an additional 327 shares during the last quarter. Barden Capital Management Inc. lifted its stake in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after buying an additional 353 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after buying an additional 389 shares during the last quarter. Denali Advisors LLC raised 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 acquiring an additional 406 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in Keurig Dr Pepper by 2.3% during the 4th quarter. Horizon Investments LLC now owns 18,216 shares of the company's stock worth $581,000 after acquiring an additional 411 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.24 during mid-day trading on Thursday, reaching $32.56. The company's stock had a trading volume of 9,599,191 shares, compared to its average volume of 10,732,501. The company's 50 day moving average is $34.11 and its two-hundred day moving average is $33.04. The stock has a market cap of $44.22 billion, a PE ratio of 19.73, a P/E/G ratio of 2.42 and a beta of 0.48. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28.

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 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 business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the company posted $0.38 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was 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 in the company, valued at $103,730,480.40. This trade represents a 6.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Angela A. Stephens sold 14,500 shares of the firm'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 transaction 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 approximately $2,136,952.64. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 698,500 shares of company stock worth $23,591,400 over the last three months. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of research reports. UBS Group lifted their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Barclays raised their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

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.