Syon Capital LLC Acquires New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Syon Capital LLC acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, Holdings Channel reports. The firm acquired 8,082 shares of the company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meritage Portfolio Management grew its holdings in Keurig Dr Pepper by 53.5% during the 4th quarter. Meritage Portfolio Management now owns 140,415 shares of the company’s stock valued at $4,679,000 after buying an additional 48,946 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Keurig Dr Pepper by 24.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,249 shares of the company’s stock valued at $741,000 after buying an additional 4,367 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in Keurig Dr Pepper by 23.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 59,037 shares of the company’s stock valued at $1,967,000 after buying an additional 11,106 shares in the last quarter. Alaska Permanent Fund Corp grew its holdings in Keurig Dr Pepper by 2.2% during the 4th quarter. Alaska Permanent Fund Corp now owns 339,602 shares of the company’s stock valued at $11,316,000 after buying an additional 7,210 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $189,000. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 0.4 %

Shares of KDP opened at $33.72 on Friday. The firm has a market cap of $46.79 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.57 and a beta of 0.66. The stock has a 50 day simple moving average of $30.41 and a two-hundred day simple moving average of $31.08. 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 Inc. has a 1 year low of $27.66 and a 1 year high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results 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 business had revenue of $3.47 billion during 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%. Keurig Dr Pepper’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analyst Weigh In

KDP has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Jefferies Financial Group cut their price objective on 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 cut their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. TD Cowen boosted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday. Finally, Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.33.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert S. Singer sold 12,132 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert James Gamgort bought 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the acquisition, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is currently owned by 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.