Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Sendero Wealth Management LLC

Sendero Wealth Management LLC raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 55.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,432 shares of the company's stock after acquiring an additional 82,273 shares during the quarter. Keurig Dr Pepper makes up about 1.1% of Sendero Wealth Management LLC's investment portfolio, making the stock its 23rd biggest position. Sendero Wealth Management LLC's holdings in Keurig Dr Pepper were worth $7,885,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. ST Germain D J Co. Inc. bought a new position in Keurig Dr Pepper during the first quarter valued at $27,000. New Age Alpha Advisors LLC increased its stake in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after acquiring an additional 389 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $42,000. Finally, LRI Investments LLC grew its stake in Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group increased their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Four 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. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now directly owns 178,511 shares of the company's stock, valued at approximately $5,960,482.29. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the transaction, the vice president now owns 62,411 shares of the company's stock, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 698,500 shares of company stock worth $23,591,400 over the last quarter. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded up $0.15 during mid-day trading on Friday, reaching $32.71. 3,970,460 shares of the company traded hands, compared to its average volume of 12,914,792. The firm's fifty day moving average is $34.08 and its two-hundred day moving average is $33.04. The company has a market capitalization of $44.43 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm 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 10.45% and a net margin of 15.04%. The firm's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

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.