Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 66.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 852,526 shares of the company’s stock after acquiring an additional 338,937 shares during the period. Applied Finance Capital Management LLC’s holdings in Keurig Dr Pepper were worth $27,383,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KDP. Invesco Ltd. raised its holdings in shares of Keurig Dr Pepper by 19.6% during the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock worth $693,972,000 after acquiring an additional 3,539,463 shares during the period. Bank of Montreal Can raised its stake in Keurig Dr Pepper by 5.4% during the fourth quarter. Bank of Montreal Can now owns 1,332,954 shares of the company’s stock worth $42,814,000 after purchasing an additional 68,732 shares during the period. Clarkston Capital Partners LLC boosted its holdings in Keurig Dr Pepper by 0.6% in the 4th quarter. Clarkston Capital Partners LLC now owns 592,517 shares of the company’s stock valued at $19,032,000 after purchasing an additional 3,715 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in shares of Keurig Dr Pepper by 11.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 10,035 shares of the company’s stock valued at $322,000 after buying an additional 1,016 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co increased its holdings in shares of Keurig Dr Pepper by 58.8% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 405,000 shares of the company’s stock worth $13,009,000 after buying an additional 150,000 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KDP has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. TD Cowen cut their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.38.

Keurig Dr Pepper Price Performance

KDP stock opened at $33.60 on Tuesday. The business’s 50-day moving average is $33.09 and its two-hundred day moving average is $33.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $45.59 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,409,350 shares of company stock worth $2,756,709,930 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

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.