Quadrature Capital Ltd Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quadrature Capital Ltd purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 289,519 shares of the company’s stock, valued at approximately $8,877,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KDP. HB Wealth Management LLC increased its stake in Keurig Dr Pepper by 112.5% in the fourth quarter. HB Wealth Management LLC now owns 18,546 shares of the company’s stock valued at $618,000 after purchasing an additional 9,819 shares in the last quarter. Raymond James & Associates raised its stake in Keurig Dr Pepper by 5.9% during the 4th quarter. Raymond James & Associates now owns 1,400,936 shares of the company’s stock worth $46,679,000 after buying an additional 77,790 shares during the period. CVA Family Office LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth about $73,000. Pacer Advisors Inc. grew its stake in Keurig Dr Pepper by 33.7% in the fourth quarter. Pacer Advisors Inc. now owns 240,703 shares of the company’s stock valued at $8,020,000 after acquiring an additional 60,703 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Keurig Dr Pepper by 7.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,573 shares of the company’s stock worth $3,284,000 after purchasing an additional 7,166 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the transaction, the insider now owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the sale, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,293 shares of company stock valued at $1,694,642. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group raised their price objective on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday. TD Cowen upped their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Barclays dropped their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded up $0.53 during mid-day trading on Friday, reaching $33.74. 12,633,236 shares of the company’s stock were exchanged, compared to its average volume of 8,298,570. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The business’s fifty day simple moving average is $33.61 and its two-hundred day simple moving average is $32.11. The firm has a market capitalization of $45.74 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. 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 business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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.