Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 254.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,877 shares of the company’s stock after buying an additional 68,840 shares during the period. Commonwealth Equity Services LLC’s holdings in Keurig Dr Pepper were worth $2,941,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Keurig Dr Pepper by 49.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock valued at $48,880,000 after purchasing an additional 487,589 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Keurig Dr Pepper by 608.0% in the 4th quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after purchasing an additional 698,665 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Keurig Dr Pepper by 24.3% in the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock valued at $86,820,000 after purchasing an additional 509,393 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $3,616,000. Finally, Confluence Investment Management LLC acquired a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $11,375,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $0.22 during mid-day trading on Friday, reaching $32.50. The company had a trading volume of 1,709,328 shares, compared to its average volume of 9,232,265. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.00. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market cap of $44.06 billion, a PE ratio of 21.11, a P/E/G ratio of 2.47 and a beta of 0.62. The company has a 50-day moving average price of $33.96 and a two-hundred day moving average price of $32.11.

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

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.215 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a yield of 2.65%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent research reports. 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 target price on the stock. UBS Group lifted their target price on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price objective for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $36.57.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was 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 $2,253,989.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now 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 available through the SEC website. Also, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the transaction, the insider now directly owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock worth $2,750,739 over the last 90 days. 1.00% of the stock is currently owned by corporate 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.