Quadrant Capital Group LLC Purchases 1,468 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quadrant Capital Group LLC raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 39.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,225 shares of the company’s stock after purchasing an additional 1,468 shares during the period. Quadrant Capital Group LLC’s holdings in Keurig Dr Pepper were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors increased its holdings in shares of Keurig Dr Pepper by 1.4% in the 4th quarter. Capital World Investors now owns 52,047,425 shares of the company’s stock valued at $1,918,468,000 after acquiring an additional 729,672 shares during the period. BlackRock Inc. increased its holdings in shares of Keurig Dr Pepper by 20.5% in the 4th quarter. BlackRock Inc. now owns 40,506,588 shares of the company’s stock valued at $1,493,073,000 after acquiring an additional 6,898,701 shares during the period. Boston Partners purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $575,364,000. State Street Corp increased its holdings in shares of Keurig Dr Pepper by 1.7% in the 4th quarter. State Street Corp now owns 15,493,091 shares of the company’s stock valued at $571,075,000 after acquiring an additional 260,146 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Keurig Dr Pepper by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 8,272,583 shares of the company’s stock valued at $304,414,000 after acquiring an additional 242,120 shares during the period. 50.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KDP shares. UBS Group lifted their price target on Keurig Dr Pepper from $38.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 1st. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $44.00 to $42.00 in a research note on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and an average price target of $40.17.

Insider Activity

In other news, Director Robert S. Singer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $36.47, for a total value of $364,700.00. Following the completion of the transaction, the director now owns 30,501 shares of the company’s stock, valued at approximately $1,112,371.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert S. Singer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $36.47, for a total value of $364,700.00. Following the completion of the transaction, the director now owns 30,501 shares of the company’s stock, valued at approximately $1,112,371.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony Shoemaker acquired 5,500 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was bought at an average cost of $35.60 per share, with a total value of $195,800.00. Following the acquisition, the insider now owns 53,500 shares in the company, valued at $1,904,600. The disclosure for this purchase can be found here. Insiders purchased a total of 83,374 shares of company stock valued at $3,049,752 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Up 0.1 %

Shares of KDP stock opened at $38.72 on Friday. The stock’s fifty day moving average price is $36.16 and its 200 day moving average price is $37.03. Keurig Dr Pepper Inc. has a 1-year low of $32.44 and a 1-year high of $39.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.37. The company has a market cap of $54.83 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 3.28 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Keurig Dr Pepper had a return on equity of 9.15% and a net margin of 16.39%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were issued a $0.1875 dividend. The ex-dividend date was Thursday, June 30th. This represents a $0.75 annualized dividend and a dividend yield of 1.94%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 49.34%.

About Keurig Dr Pepper

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Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.