Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Acquired by Xponance Inc.

Xponance Inc. boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 172,181 shares of the company's stock after acquiring an additional 8,563 shares during the quarter. Xponance Inc.'s holdings in Keurig Dr Pepper were worth $5,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after buying an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after buying an additional 8,363,192 shares during the period. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $197,819,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after buying an additional 5,646,179 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KDP shares. Barclays decreased their price objective 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. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Argus began coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Finally, Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Two 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 stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus target price of $39.92.

Insider Buying and Selling

In other news, VP Angela A. Stephens sold 14,500 shares of the business'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 in the company, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $33.64, for a total value of $403,680.00. Following the transaction, the insider owned 94,511 shares in the company, valued at approximately $3,179,350.04. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 698,500 shares of company stock valued at $23,580,720. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded down $0.16 during trading hours on Friday, hitting $33.49. 7,866,704 shares of the stock were exchanged, compared to its average volume of 10,991,078. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The firm's fifty day moving average price is $33.33 and its 200 day moving average price is $33.15. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The company has a market cap of $45.49 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.58 and a beta of 0.47.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

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.