Twin Tree Management LP bought a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,680 shares of the company’s stock, valued at approximately $512,000.
Several other hedge funds also recently made changes to their positions in the business. Capital World Investors increased its stake in shares of Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after purchasing an additional 13,738,345 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock worth $2,766,059,000 after acquiring an additional 818,426 shares during the last quarter. Capital International Investors lifted its holdings in shares of Keurig Dr Pepper by 1.3% in the fourth quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after acquiring an additional 730,112 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Keurig Dr Pepper by 11.1% in the fourth 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, Norges Bank bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $317,979,000. 85.23% of the stock is owned by institutional investors.
Insider Transactions at Keurig Dr Pepper
In other news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 approximately $429,597.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 approximately $429,597.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. Insiders sold a total of 81,520 shares of company stock valued at $2,750,739 in the last quarter. 1.00% of the stock is currently owned by company insiders.
Keurig Dr Pepper Stock Performance
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its 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. The business 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 company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.
Keurig Dr Pepper Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.
Analyst Ratings Changes
A number of research firms have recently commented on KDP. UBS Group increased their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Jefferies Financial Group dropped their target price 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. Truist Financial raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their target price for the stock from $27.00 to $34.00 in a report on Monday, June 17th. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, BNP Paribas began coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.
Read Our Latest Report on Keurig Dr Pepper
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.
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