Bessemer Group Inc. Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bessemer Group Inc. boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,100 shares of the company’s stock after purchasing an additional 1,378 shares during the quarter. Bessemer Group Inc.’s holdings in Keurig Dr Pepper were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. New Age Alpha Advisors LLC lifted its holdings in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after buying an additional 389 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $42,000. Brooklyn Investment Group boosted its holdings in Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after purchasing an additional 554 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity

In related news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the transaction, the insider now directly owns 166,511 shares in the company, valued at approximately $5,791,252.58. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,409,350 shares of company stock worth $2,756,709,930 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KDP. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $38.77.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $35.39 on Wednesday. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The business’s fifty day moving average is $33.57 and its two-hundred day moving average is $33.29. The stock has a market capitalization of $48.02 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. On average, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

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.