Dynamic Technology Lab Private Ltd Acquires Shares of 37,463 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Dynamic Technology Lab Private Ltd acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,463 shares of the company’s stock, valued at approximately $1,203,000.

Several other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. boosted its holdings in Keurig Dr Pepper by 39.0% in the third quarter. Benjamin Edwards Inc. now owns 16,725 shares of the company’s stock valued at $627,000 after purchasing an additional 4,691 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $404,000. Royal London Asset Management Ltd. grew its position in shares of Keurig Dr Pepper by 4.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 444,648 shares of the company’s stock valued at $16,665,000 after buying an additional 17,649 shares during the last quarter. Quantinno Capital Management LP raised its stake in Keurig Dr Pepper by 17.4% during the 3rd quarter. Quantinno Capital Management LP now owns 57,589 shares of the company’s stock worth $2,158,000 after acquiring an additional 8,539 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Keurig Dr Pepper by 79.6% in the third quarter. Stifel Financial Corp now owns 358,664 shares of the company’s stock valued at $13,443,000 after acquiring an additional 158,961 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KDP. JPMorgan Chase & Co. lifted their target price 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. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. TD Cowen cut 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 report on Wednesday, January 8th. Finally, Piper Sandler initiated 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 objective on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.38.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % 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, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the transaction, the insider now owns 166,511 shares of the company’s stock, valued at approximately $5,791,252.58. This represents a 6.72 % 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 valued at $2,756,709,930 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $33.81 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a 50-day moving average price of $33.05 and a 200 day moving average price of $33.45. The company has a market cap of $45.87 billion, a P/E ratio of 20.49, a PEG ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (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 the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

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

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.