Quadrant Capital Group LLC Boosts Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quadrant Capital Group LLC boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 39.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,225 shares of the company’s stock after buying an additional 1,468 shares during the period. Quadrant Capital Group LLC’s holdings in Keurig Dr Pepper were worth $198,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KDP. Commonwealth Equity Services LLC increased its stake in Keurig Dr Pepper by 7.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 57,952 shares of the company’s stock worth $2,136,000 after buying an additional 4,239 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $530,000. CWM LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $59,000. Ieq Capital LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $207,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $211,000. 50.58% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 0.1 %

Shares of Keurig Dr Pepper stock opened at $38.72 on Friday. The firm has a market capitalization of $54.83 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 3.28 and a beta of 0.61. Keurig Dr Pepper Inc. has a fifty-two week low of $32.44 and a fifty-two week high of $39.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.37 and a current ratio of 0.56. The stock has a 50 day moving average of $36.16 and a 200 day moving average of $37.03.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.38 billion. Keurig Dr Pepper had a return on equity of 9.15% and a net margin of 16.39%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, research analysts predict that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.75 annualized dividend and a yield of 1.94%. Keurig Dr Pepper’s payout ratio is 49.34%.

Insider Buying and Selling

In related news, Director Robert S. Singer sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $36.47, for a total value of $364,700.00. Following the completion of the transaction, the director now directly owns 30,501 shares in the company, valued at $1,112,371.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Keurig Dr Pepper news, Director Robert S. Singer sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $36.47, for a total transaction of $364,700.00. Following the transaction, the director now directly owns 30,501 shares in the company, valued at $1,112,371.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Maurice Anthony Milikin purchased 12,979 shares of the firm’s stock in a transaction on Wednesday, June 29th. The shares were purchased at an average price of $35.75 per share, for a total transaction of $463,999.25. Following the completion of the purchase, the insider now directly owns 12,979 shares of the company’s stock, valued at $463,999.25. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 83,374 shares of company stock worth $3,049,752. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KDP shares. JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $44.00 to $42.00 in a research report on Wednesday, July 20th. UBS Group upped their price target on Keurig Dr Pepper from $38.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.17.

Keurig Dr Pepper Company Profile

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Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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