Adage Capital Partners GP L.L.C. Grows Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Adage Capital Partners GP L.L.C. raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 18.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,051,900 shares of the company's stock after purchasing an additional 162,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.08% of Keurig Dr Pepper worth $33,787,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Arvest Bank Trust Division acquired a new position in shares of Keurig Dr Pepper during the third quarter worth approximately $1,858,000. Wilmington Savings Fund Society FSB grew its position in Keurig Dr Pepper by 441.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company's stock worth $3,559,000 after purchasing an additional 77,414 shares in the last quarter. Tidal Investments LLC increased its stake in Keurig Dr Pepper by 26.5% in the 3rd quarter. Tidal Investments LLC now owns 237,887 shares of the company's stock valued at $8,916,000 after buying an additional 49,865 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $338,000. Finally, Franklin Resources Inc. increased its position in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays boosted their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Four 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. According to MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average target price of $39.33.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now directly owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the sale, the insider now owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Up 0.3 %

KDP stock traded up $0.11 during mid-day trading on Wednesday, reaching $34.34. The company had a trading volume of 2,580,179 shares, compared to its average volume of 10,015,877. The firm has a 50 day moving average of $34.17 and a 200 day moving average of $33.17. The company has a market capitalization of $46.64 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping 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 firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The company's revenue was up 4.8% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.68%. Keurig Dr Pepper's payout ratio is 83.64%.

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.