9,253 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,253 shares of the company's stock, valued at approximately $297,000.

A number of other large investors have also recently made changes to their positions in KDP. Sumitomo Mitsui Trust Group Inc. lifted its holdings 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 valued at $100,796,000 after buying an additional 242,315 shares in the last quarter. 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 valued at $10,400,000 after buying an additional 112,819 shares in the last quarter. Swedbank AB lifted its holdings in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company's stock valued at $23,994,000 after buying an additional 13,179 shares in the last quarter. RWC Asset Management LLP lifted its holdings in Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after buying an additional 398,916 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Keurig Dr Pepper during the 4th quarter valued at about $400,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KDP shares. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. UBS Group boosted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Barclays boosted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Finally, HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the company from $36.00 to $42.00 in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $39.33.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.06 during trading hours on Friday, hitting $33.51. The company's stock had a trading volume of 18,639,214 shares, compared to its average volume of 10,672,286. The company has a 50 day moving average of $34.18 and a 200 day moving average of $33.03. The stock has a market cap of $45.51 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. 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 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors 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 2.75%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $34.11, for a total transaction of $409,320.00. Following the completion of the transaction, the insider now owns 142,511 shares in the company, valued at $4,861,050.21. This represents a 7.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company's stock, valued at $2,548,637.79. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 913,850 shares of company stock valued at $31,235,950. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper 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.