1832 Asset Management L.P. Increases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

1832 Asset Management L.P. raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,011 shares of the company’s stock after buying an additional 8,873 shares during the period. 1832 Asset Management L.P.’s holdings in Keurig Dr Pepper were worth $2,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at about $29,000. Mather Group LLC. purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $45,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Keurig Dr Pepper by 79.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after buying an additional 715 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $55,000. Finally, Principal Securities Inc. bought a new stake in Keurig Dr Pepper in the 4th quarter worth $72,000. 85.23% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Up 1.6 %

Shares of KDP traded up $0.53 during mid-day trading on Friday, reaching $33.74. The company had a trading volume of 12,633,236 shares, compared to its average volume of 8,298,570. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The company has a market capitalization of $45.74 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. The firm has a 50-day moving average price of $33.61 and a 200 day moving average price of $32.11. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.215 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Analyst Ratings Changes

Several brokerages have recently commented on KDP. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. UBS Group upped their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. reduced 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, July 10th. TD Cowen raised their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, BNP Paribas started coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.50.

Insider Activity

In related news, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the transaction, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now owns 67,103 shares in the company, valued at approximately $2,253,989.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The disclosure for this sale can be found here. Insiders have sold a total of 50,293 shares of company stock worth $1,694,642 over the last 90 days. 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.