9,125 Shares in Keurig Dr Pepper, Inc (NASDAQ:KDP) Purchased by West Family Investments Inc.

West Family Investments Inc. purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,125 shares of the company's stock, valued at approximately $312,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KDP. ST Germain D J Co. Inc. bought a new position in Keurig Dr Pepper during the 1st quarter worth $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. purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $42,000. Continuum Advisory LLC increased its stake in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares during the period. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth $48,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the completion of the sale, the director directly owned 2,638,490 shares of the company's stock, valued at approximately $87,334,019. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela A. Stephens sold 14,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the transaction, the vice president directly owned 62,411 shares of the company's stock, valued at $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 698,500 shares of company stock valued at $23,580,720. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KDP. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. UBS Group upped their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Finally, Barclays dropped their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, June 27th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average price target of $39.92.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.52 during midday trading on Tuesday, reaching $32.74. The company's stock had a trading volume of 10,900,747 shares, compared to its average volume of 10,986,626. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.47 and a quick ratio of 0.31. The business's fifty day simple moving average is $33.30 and its 200-day simple moving average is $33.16. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a market capitalization of $44.47 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.56 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The firm's revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. Keurig Dr Pepper's dividend 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.