APG Asset Management N.V. Purchases 581,900 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

APG Asset Management N.V. lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 205.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 865,200 shares of the company’s stock after acquiring an additional 581,900 shares during the quarter. APG Asset Management N.V.’s holdings in Keurig Dr Pepper were worth $26,837,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Perigon Wealth Management LLC grew its position in Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after acquiring an additional 342 shares during the period. Barden Capital Management Inc. lifted its holdings in shares of Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock valued at $1,280,000 after buying an additional 353 shares during the period. Custom Index Systems LLC increased its holdings in Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after acquiring an additional 357 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after buying an additional 384 shares during the period. Finally, New Age Alpha Advisors LLC grew its position in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling

In related news, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % 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, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the sale, the insider now directly owns 166,511 shares of the company’s stock, valued at $5,791,252.58. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 3.3 %

NASDAQ KDP opened at $34.69 on Thursday. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm has a market cap of $47.07 billion, a PE ratio of 21.02, a P/E/G ratio of 2.42 and a beta of 0.54. The business’s fifty day simple moving average is $33.27 and its 200-day simple moving average is $33.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several research analyst reports. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $40.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $38.77.

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.