Quarry LP Sells 10,363 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quarry LP lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 70.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,255 shares of the company's stock after selling 10,363 shares during the quarter. Quarry LP's holdings in Keurig Dr Pepper were worth $137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. Townsquare Capital LLC raised its position in shares of Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after purchasing an additional 327 shares during the period. Perigon Wealth Management LLC raised its holdings in Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock worth $893,000 after acquiring an additional 342 shares during the period. Barden Capital Management Inc. lifted its position in Keurig Dr Pepper by 0.9% during the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after acquiring an additional 353 shares during the last quarter. Custom Index Systems LLC grew its position in shares of Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after purchasing an additional 357 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock worth $250,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KDP. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper Trading Up 1.1 %

NASDAQ KDP traded up $0.37 during mid-day trading on Friday, reaching $34.41. 38,558,939 shares of the stock were exchanged, compared to its average volume of 10,220,079. The stock has a market cap of $46.73 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.42 and a beta of 0.54. 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 Inc. has a one year low of $30.12 and a one year high of $38.28. The stock has a 50 day simple moving average of $34.17 and a 200-day simple moving average of $33.10.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share 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 company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the business posted $0.38 EPS. Keurig Dr Pepper's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction that occurred 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 represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the transaction, the director now directly owns 2,846,490 shares in the company, valued at $97,122,238.80. This represents a 6.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,837,350 shares of company stock valued at $2,771,297,650 in the last three months. 1.00% of the stock is currently owned by insiders.

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.