Sciencast Management LP Invests $906,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sciencast Management LP acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 29,544 shares of the company’s stock, valued at approximately $906,000.

Several other hedge funds also recently bought and sold shares of KDP. Morningstar Investment Management LLC increased its holdings in Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after purchasing an additional 328 shares during the period. Kentucky Retirement Systems raised its holdings in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after acquiring an additional 344 shares in the last quarter. Czech National Bank lifted its stake in Keurig Dr Pepper by 0.3% in the fourth quarter. Czech National Bank now owns 176,335 shares of the company’s stock worth $5,875,000 after acquiring an additional 502 shares during the period. US Bancorp DE grew its holdings in Keurig Dr Pepper by 0.4% during the 4th quarter. US Bancorp DE now owns 121,107 shares of the company’s stock worth $4,035,000 after acquiring an additional 503 shares in the last quarter. Finally, Marco Investment Management LLC increased its position in Keurig Dr Pepper by 2.7% during the 4th quarter. Marco Investment Management LLC now owns 20,650 shares of the company’s stock valued at $688,000 after purchasing an additional 550 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP traded up $0.19 during trading hours on Friday, reaching $32.62. 4,638,456 shares of the company traded hands, compared to its average volume of 9,236,579. The stock has a market capitalization of $44.22 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.41 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $33.80 and a 200-day moving average price of $32.10. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KDP shares. Barclays increased their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. BNP Paribas started coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.57.

Insider Transactions at Keurig Dr Pepper

In other news, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the sale, the insider now owns 100,000 shares in the company, valued at $3,382,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the sale, the vice president now directly owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock worth $2,750,739 over the last 90 days. 1.00% of the stock is currently 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.