Nisa Investment Advisors LLC Grows Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Nisa Investment Advisors LLC grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 86.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,989 shares of the company's stock after purchasing an additional 43,515 shares during the period. Nisa Investment Advisors LLC's holdings in Keurig Dr Pepper were worth $3,132,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KDP. OFI Invest Asset Management bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of Keurig Dr Pepper by 973.8% during the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company's stock worth $28,000 after acquiring an additional 818 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth $34,000. Resurgent Financial Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth $34,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth $50,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KDP shares. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 27th. Wedbush lowered their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. HSBC initiated coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a "hold" rating and a $37.00 price target for the company. Morgan Stanley lowered their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating for the company in a research note on Monday, February 26th. Finally, Barclays boosted their price target on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an "overweight" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $36.45.

Keurig Dr Pepper Trading Down 1.9 %

Shares of KDP stock traded down $0.60 during mid-day trading on Friday, reaching $30.22. The stock had a trading volume of 9,627,877 shares, compared to its average volume of 10,987,891. The stock's 50-day moving average price is $30.28 and its two-hundred day moving average price is $31.02. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.99. The firm has a market capitalization of $41.93 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.34 and a beta of 0.66. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The firm had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper's dividend payout ratio is currently 55.48%.

Insider Activity at Keurig Dr Pepper

In related news, CEO Robert James Gamgort purchased 171,821 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the transaction, the chief executive officer now directly owns 3,179,917 shares of the company's stock, valued at $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert James Gamgort purchased 171,821 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the transaction, the chief executive officer now directly owns 3,179,917 shares of the company's stock, valued at $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 over the last 90 days. 0.81% of the stock is owned by company insiders.

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.