Sei Investments Co. Has $39.23 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sei Investments Co. raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,221,401 shares of the company’s stock after acquiring an additional 187,792 shares during the period. Sei Investments Co. owned about 0.09% of Keurig Dr Pepper worth $39,232,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KDP. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth about $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $37,000. Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth approximately $61,000. R Squared Ltd bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $70,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter worth approximately $77,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $33.85 on Tuesday. The firm’s 50 day moving average price is $32.50 and its two-hundred day moving average price is $33.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a 52-week low of $29.86 and a 52-week high of $38.28. The stock has a market cap of $45.93 billion, a PE ratio of 20.52, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. This represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,397,350 shares of company stock worth $2,756,292,570. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KDP shares. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Piper Sandler started coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price for the company. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, TD Cowen reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average price target of $38.23.

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.