Orion Portfolio Solutions LLC Raises Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Orion Portfolio Solutions LLC raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,567 shares of the company’s stock after purchasing an additional 9,330 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Keurig Dr Pepper were worth $3,575,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KDP. Capital World Investors lifted its position in Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after buying an additional 13,738,345 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock worth $2,766,059,000 after acquiring an additional 818,426 shares during the last quarter. Capital International Investors boosted its position in shares of Keurig Dr Pepper by 1.3% during the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after purchasing an additional 730,112 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Keurig Dr Pepper by 11.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after purchasing an additional 1,518,286 shares during the last quarter. Finally, Norges Bank purchased a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $317,979,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Down 0.5 %

Keurig Dr Pepper stock traded down $0.16 during midday trading on Friday, reaching $32.98. The company’s stock had a trading volume of 4,626,712 shares, compared to its average volume of 9,201,423. The company has a market cap of $44.71 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.56 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 50-day simple moving average of $33.73 and a 200-day simple moving average of $32.09. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s payout ratio is 55.48%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KDP. Barclays lowered their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen lifted their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their target price for the company from $27.00 to $34.00 in a research report on Monday, June 17th. Finally, Jefferies Financial Group dropped their target price on 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Insider Activity at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the sale, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the sale, the insider now owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock valued at $2,750,739 in the last ninety days. Insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

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.