21,740 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Purchased by Riverchase Wealth Management LLC

Riverchase Wealth Management LLC acquired a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,740 shares of the company’s stock, valued at approximately $698,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KDP. Orion Portfolio Solutions LLC raised its holdings in Keurig Dr Pepper by 11.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 110,299 shares of the company’s stock worth $3,543,000 after purchasing an additional 11,557 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Keurig Dr Pepper by 15.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 676,729 shares of the company’s stock valued at $21,737,000 after acquiring an additional 92,214 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper by 3.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,296 shares of the company’s stock valued at $12,568,000 after purchasing an additional 14,377 shares in the last quarter. New Age Alpha Advisors LLC increased its holdings in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after buying an additional 389 shares in the last quarter. Finally, Norges Bank purchased a new position in Keurig Dr Pepper in the 4th quarter worth about $197,819,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 0.6 %

Shares of KDP stock opened at $34.26 on Friday. The stock has a market cap of $46.48 billion, a P/E ratio of 20.76, a PEG ratio of 2.42 and a beta of 0.62. The company’s fifty day simple moving average is $32.67 and its two-hundred day simple moving average is $33.59. 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 Inc. has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $400,680.00. Following the completion of the sale, the insider now directly owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,397,350 shares of company stock valued at $2,756,292,570. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Morgan Stanley increased their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.23.

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.