Unigestion Holding SA Acquires 36,927 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Unigestion Holding SA lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 40.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,016 shares of the company's stock after buying an additional 36,927 shares during the period. Unigestion Holding SA's holdings in Keurig Dr Pepper were worth $4,415,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KDP. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 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 buying an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Keurig Dr Pepper by 53.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after purchasing an additional 112,819 shares during the last quarter. RWC Asset Management LLP boosted its stake in Keurig Dr Pepper by 34.6% in the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after purchasing an additional 398,916 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Keurig Dr Pepper in the 4th quarter valued at $400,000. Finally, Concurrent Investment Advisors LLC grew its holdings in Keurig Dr Pepper by 185.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 51,611 shares of the company's stock valued at $1,658,000 after buying an additional 33,554 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total value of $7,063,680.00. Following the transaction, the director now directly owns 3,054,490 shares of the company's stock, valued at $103,730,480.40. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares in the company, valued at $5,960,482.29. This trade represents a 6.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 698,500 shares of company stock worth $23,591,400. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on KDP. Argus started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target on the stock. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Four equities 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $39.33.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded down $0.24 during midday trading on Thursday, reaching $32.56. The company's stock had a trading volume of 10,087,719 shares, compared to its average volume of 10,732,502. The stock has a market cap of $44.22 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. 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 Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The business has a 50-day moving average price of $34.11 and a 200-day moving average price of $33.04.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 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 quarter in the prior year, the firm earned $0.38 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders 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 yield of 2.83%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is 83.64%.

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.