Sivia Capital Partners LLC Acquires New Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Sivia Capital Partners LLC acquired 9,921 shares of Keurig Dr Pepper, Inc for approximately $328,000, signaling institutional investor interest in the stock.
• Keurig Dr Pepper reported $4.16 billion in revenue for the last quarter, exceeding analyst expectations and reflecting a 6.1% year-over-year increase in revenue.
• The company announced a quarterly dividend of $0.23 per share, with a current dividend yield of 3.4%, highlighting its commitment to returning value to shareholders.

Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,921 shares of the company's stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 21.3% during the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after buying an additional 25,425,644 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Keurig Dr Pepper by 108.1% in the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock worth $1,330,565,000 after buying an additional 20,196,835 shares in the last quarter. Invesco Ltd. lifted its position in shares of Keurig Dr Pepper by 1.7% during the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company's stock worth $751,920,000 after purchasing an additional 367,518 shares during the last quarter. Northern Trust Corp raised its position in shares of Keurig Dr Pepper by 0.8% during the 1st quarter. Northern Trust Corp now owns 13,712,677 shares of the company's stock worth $469,248,000 after purchasing an additional 114,044 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Keurig Dr Pepper by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company's stock worth $351,927,000 after buying an additional 358,350 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the transaction, the director owned 2,284,568 shares of the company's stock, valued at $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 447,601 shares of company stock worth $14,825,192. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of recent research reports. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a report on Monday, August 25th. HSBC reaffirmed a "hold" rating and issued a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Piper Sandler lowered their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday. Citigroup reduced their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a report on Tuesday. Finally, UBS Group reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.77.

Keurig Dr Pepper Stock Down 0.3%

KDP stock traded down $0.09 during midday trading on Friday, hitting $27.11. The stock had a trading volume of 26,587,803 shares, compared to its average volume of 25,551,498. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The business has a 50-day moving average of $31.68 and a two-hundred day moving average of $33.04. The firm has a market cap of $36.83 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.49 and a beta of 0.47. Keurig Dr Pepper, Inc has a 52-week low of $26.58 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company earned $0.45 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

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.