Twin Tree Management LP Invests $512,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Twin Tree Management LP bought a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) 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

NASDAQ:KDP opened at $32.98 on Friday. The company has a market capitalization of $44.71 billion, a PE ratio of 21.28, a P/E/G ratio of 2.55 and a beta of 0.62. The company has a 50 day simple moving average of $33.71 and a two-hundred day simple moving average of $32.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) 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.

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.