Russell Investments Group Ltd. Buys 180,952 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Russell Investments Group Ltd. increased its stake in Keurig Dr Pepper, Inc. by 14.2%, owning approximately 1.45 million shares valued at $49.4 million after acquiring 180,952 additional shares in the first quarter.
• Significant increases in holdings were observed among other hedge funds, with Vanguard Group Inc. raising its shares by 21.3% and JPMorgan Chase & Co. by 108.1% in the same period, reflecting a strong interest in KDP among institutional investors.
• Keurig Dr Pepper recently reported $0.49 earnings per share, meeting expectations, and disclosed an annualized dividend of $0.92 per share, with a payout ratio of 82.14%.

Russell Investments Group Ltd. lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 14.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,454,077 shares of the company's stock after acquiring an additional 180,952 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Keurig Dr Pepper worth $49,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after purchasing an additional 25,425,644 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Keurig Dr Pepper by 108.1% in the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock worth $1,330,565,000 after purchasing an additional 20,196,835 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares in the last quarter. Northern Trust Corp increased its holdings in Keurig Dr Pepper by 20.6% in the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock worth $436,788,000 after purchasing an additional 2,320,614 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Keurig Dr Pepper by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company's stock worth $318,836,000 after purchasing an additional 1,548,622 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Up 0.0%

NASDAQ KDP opened at $34.82 on Thursday. The company has a market cap of $47.30 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 2.54 and a beta of 0.45. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The business has a 50 day moving average price of $33.42 and a 200-day moving average price of $33.49. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. Keurig Dr Pepper's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. Keurig Dr Pepper's payout ratio is presently 82.14%.

Insider Activity at Keurig Dr Pepper

In related news, Director De Ven Michael G. Van bought 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 672,000 shares of company stock valued at $22,235,760 over the last 90 days. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KDP shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. UBS Group lowered their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Barclays lifted their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

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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