Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 943,501 shares of the company's stock after acquiring an additional 132,273 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Keurig Dr Pepper worth $32,287,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper during the 1st quarter valued at about $27,000. New Age Alpha Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Continuum Advisory LLC increased its stake in shares of Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Down 0.9%

Shares of KDP stock traded down $0.30 on Friday, reaching $33.27. 9,825,501 shares of the stock were exchanged, compared to its average volume of 10,081,027. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The stock has a market cap of $45.19 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. The firm has a 50 day moving average of $33.27 and a two-hundred day moving average of $33.27. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, research 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 declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. Keurig Dr Pepper's dividend payout ratio (DPR) is 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director De Ven Michael G. Van purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $498,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 698,500 shares of company stock valued at $23,557,560. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KDP shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Barclays cut their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Two investment 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.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average price target of $39.62.

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.