NEOS Investment Management LLC Has $4.91 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

NEOS Investment Management LLC raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,768 shares of the company’s stock after acquiring an additional 28,818 shares during the period. NEOS Investment Management LLC’s holdings in Keurig Dr Pepper were worth $4,907,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares in the last quarter. State Street Corp raised its stake in shares of Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after buying an additional 4,970,467 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Keurig Dr Pepper by 32.3% during the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company’s stock worth $600,189,000 after acquiring an additional 4,562,128 shares during the period. National Bank of Canada FI lifted its holdings in shares of Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after acquiring an additional 1,956,138 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Keurig Dr Pepper in the fourth quarter valued at about $57,995,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 0.6 %

Shares of NASDAQ KDP opened at $34.26 on Friday. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a 50-day moving average of $32.67 and a two-hundred day moving average of $33.59. The company has a market cap of $46.48 billion, a PE ratio of 20.76, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the company posted $0.55 EPS. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis. As a group, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the transaction, the insider now directly owns 178,511 shares in the company, valued at $5,960,482.29. This represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 84,397,350 shares of company stock worth $2,756,292,570 over the last 90 days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of a number of analyst reports. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.23.

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.