Sivia Capital Partners LLC Invests $328,000 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 purchased a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,921 shares of the company's stock, valued at approximately $328,000.

Other large investors have also recently bought and sold shares of the company. State of Wyoming lifted its stake in shares of Keurig Dr Pepper by 243.0% in the 4th quarter. State of Wyoming now owns 7,031 shares of the company's stock valued at $226,000 after purchasing an additional 4,981 shares during the period. Vident Advisory LLC grew its stake in Keurig Dr Pepper by 23.5% during the fourth quarter. Vident Advisory LLC now owns 14,391 shares of the company's stock worth $462,000 after purchasing an additional 2,740 shares during the period. Woodline Partners LP bought a new stake in Keurig Dr Pepper in the fourth quarter worth approximately $2,172,000. Worldquant Millennium Advisors LLC bought a new stake in Keurig Dr Pepper in the fourth quarter worth approximately $6,454,000. Finally, Waverly Advisors LLC lifted its stake in Keurig Dr Pepper by 42.2% in the fourth quarter. Waverly Advisors LLC now owns 18,470 shares of the company's stock valued at $593,000 after buying an additional 5,478 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 4.3%

KDP traded down $1.16 during trading on Monday, hitting $25.95. 23,821,935 shares of the company's stock were exchanged, compared to its average volume of 26,624,970. Keurig Dr Pepper, Inc has a fifty-two week low of $25.92 and a fifty-two week high of $38.28. The stock has a market cap of $35.25 billion, a P/E ratio of 23.17, a PEG ratio of 1.49 and a beta of 0.47. The business's 50 day moving average is $31.53 and its two-hundred day moving average is $32.98. 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 issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same period last year, the company earned $0.45 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Keurig Dr Pepper's dividend payout ratio is 82.14%.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. This represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 447,601 shares of company stock worth $14,825,192 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

KDP has been the subject of several recent analyst reports. 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 research report on Wednesday, August 27th. Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Piper Sandler decreased their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. BNP Paribas Exane lowered shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $37.77.

About Keurig Dr Pepper

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.