Teza Capital Management LLC Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Teza Capital Management LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 61,100 shares of the company's stock, valued at approximately $1,963,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock worth $100,796,000 after purchasing an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock valued at $10,400,000 after buying an additional 112,819 shares during the period. Swedbank AB increased its position in shares of Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after acquiring an additional 13,179 shares in the last quarter. RWC Asset Management LLP raised its holdings in shares of Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after acquiring an additional 398,916 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in Keurig Dr Pepper in the 4th quarter valued at $400,000. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KDP shares. Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target on the stock. Barclays lifted their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. upped 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. UBS Group raised their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Four research 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. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper Stock Performance

Shares of KDP traded down $0.07 during midday trading on Friday, reaching $32.95. The stock had a trading volume of 3,175,714 shares, compared to its average volume of 10,541,625. The firm has a market cap of $44.75 billion, a PE ratio of 19.96, a P/E/G ratio of 2.42 and a beta of 0.52. The firm has a 50 day simple moving average of $34.24 and a 200-day simple moving average of $33.03. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. 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 (NASDAQ:KDP - Get Free Report) last issued 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. 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 the consensus estimate of $3.57 billion. During the same period last year, the business posted $0.38 EPS. Keurig Dr Pepper's revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. Keurig Dr Pepper's payout ratio is 83.64%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the sale, the insider now directly owns 187,537 shares in the company, valued at $6,385,634.85. This trade represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. 0.40% of the stock is owned by company insiders.

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.