Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,934 shares of the company’s stock after acquiring an additional 9,503 shares during the period. New York Life Investment Management LLC’s holdings in Keurig Dr Pepper were worth $5,330,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC lifted its position in shares of Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after buying an additional 342 shares during the last quarter. Custom Index Systems LLC lifted its position in shares of Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after buying an additional 357 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after buying an additional 384 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after buying an additional 400 shares during the last quarter. Finally, CX Institutional lifted its position in shares of Keurig Dr Pepper by 5.0% in the 4th quarter. CX Institutional now owns 8,534 shares of the company’s stock worth $274,000 after buying an additional 405 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KDP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Stock Down 0.3 %

KDP stock opened at $33.52 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a market capitalization of $45.47 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The firm’s 50-day moving average is $31.93 and its two-hundred day moving average is $33.93. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results 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 net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm earned $0.55 EPS. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

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.