Bryn Mawr Capital Management LLC Raises Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bryn Mawr Capital Management LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 192.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,926 shares of the company’s stock after buying an additional 19,684 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Keurig Dr Pepper were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of KDP. FMR LLC boosted its holdings in Keurig Dr Pepper by 12.9% in the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after purchasing an additional 6,926,582 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after acquiring an additional 5,490,242 shares during the last quarter. Barclays PLC lifted its holdings in shares of Keurig Dr Pepper by 65.8% during the 3rd quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock worth $137,240,000 after acquiring an additional 1,725,535 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Keurig Dr Pepper by 11.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after acquiring an additional 1,518,286 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Keurig Dr Pepper by 13.4% during the 3rd quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock worth $384,304,000 after acquiring an additional 1,441,007 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now directly owns 218,566 shares in the company, valued at approximately $6,360,270.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Keurig Dr Pepper news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now directly owns 218,566 shares of the company’s stock, valued at approximately $6,360,270.60. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the sale, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is owned by insiders.

Keurig Dr Pepper Trading Down 0.4 %

NASDAQ:KDP opened at $33.72 on Friday. The company’s 50-day simple moving average is $30.41 and its 200 day simple moving average is $31.08. The firm has a market capitalization of $46.79 billion, a P/E ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.25.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KDP shares. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Morgan Stanley lowered their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Barclays boosted their price target on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Royal Bank of Canada lowered their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Finally, Wedbush lowered their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $36.33.

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.