Mariner LLC Grows Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mariner LLC grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,192 shares of the company's stock after purchasing an additional 11,148 shares during the quarter. Mariner LLC's holdings in Keurig Dr Pepper were worth $2,929,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Arvest Bank Trust Division purchased a new position in Keurig Dr Pepper during the 3rd quarter worth $1,858,000. Wilmington Savings Fund Society FSB raised its stake in shares of Keurig Dr Pepper by 441.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company's stock worth $3,559,000 after buying an additional 77,414 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Keurig Dr Pepper by 26.5% during the 3rd quarter. Tidal Investments LLC now owns 237,887 shares of the company's stock worth $8,916,000 after buying an additional 49,865 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $338,000. Finally, Franklin Resources Inc. raised its stake in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after buying an additional 41,466 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,421,350 shares of company stock worth $2,757,137,010 over the last quarter. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KDP. UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded down $0.36 during mid-day trading on Monday, hitting $34.04. 12,503,475 shares of the company were exchanged, compared to its average volume of 10,033,754. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business's 50 day simple moving average is $34.15 and its two-hundred day simple moving average is $33.17. The company has a market capitalization of $46.18 billion, a P/E ratio of 20.63, a PEG 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.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data 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. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The business's revenue was up 4.8% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) 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.