FORA Capital LLC Acquires New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

FORA Capital LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,868 shares of the company’s stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KDP. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 23.6% in the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after buying an additional 14,473,054 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock valued at $681,579,000 after acquiring an additional 8,363,192 shares during the period. Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $197,819,000. Finally, Wellington Management Group LLP raised its stake in Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after acquiring an additional 5,646,179 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president now directly owns 62,411 shares of the company’s stock, valued at approximately $2,136,952.64. The trade was a 18.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,863,850 shares of company stock worth $2,772,203,450 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. UBS Group increased their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.33.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.54 on Friday. The stock has a market cap of $45.55 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month 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 business has a fifty day simple moving average of $34.21 and a 200-day simple moving average of $33.05.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 83.64%.

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.