UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,260,957 shares of the company's stock after purchasing an additional 1,258,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.68% of Keurig Dr Pepper worth $297,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KDP. Townsquare Capital LLC grew its stake in Keurig Dr Pepper by 2.1% in the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the period. Perigon Wealth Management LLC grew its position in shares of Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after purchasing an additional 342 shares during the period. Barden Capital Management Inc. grew its position in shares of Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after purchasing an additional 353 shares during the period. Custom Index Systems LLC increased its stake in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after purchasing an additional 357 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its position in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KDP has been the topic of several research analyst reports. Barclays lifted their price objective on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Argus assumed coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.

Keurig Dr Pepper Trading Down 0.1%

Shares of KDP stock traded down $0.05 on Tuesday, hitting $32.88. 2,050,391 shares of the stock traded hands, compared to its average volume of 10,575,109. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The firm's 50-day moving average price is $34.22 and its two-hundred day moving average price is $33.03. The stock has a market capitalization of $44.65 billion, a PE ratio of 19.92, a PEG ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. Keurig Dr Pepper's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Insider Buying and Selling

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This represents a 11.39% 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 Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the sale, the insider now owns 187,537 shares of the company's stock, valued at approximately $6,385,634.85. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. Company insiders own 0.40% of the company's stock.

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.