Clarkston Capital Partners LLC Purchases 3,715 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Clarkston Capital Partners LLC boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 592,517 shares of the company’s stock after purchasing an additional 3,715 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $19,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its position in shares of Keurig Dr Pepper by 1.2% during 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 period. Barden Capital Management Inc. grew its holdings in Keurig Dr Pepper by 0.9% during the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after acquiring an additional 353 shares during the period. Custom Index Systems LLC raised its position in shares of Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after acquiring an additional 357 shares during the last quarter. First Hawaiian Bank raised its position in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

KDP opened at $33.81 on Friday. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.42 and a beta of 0.54. The business’s 50-day moving average price is $33.05 and its two-hundred day moving average price is $33.45. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $0.55 EPS. Keurig Dr Pepper’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total transaction of $417,360.00. Following the completion of the transaction, the insider now directly owns 166,511 shares of the company’s stock, valued at approximately $5,791,252.58. This represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,409,350 shares of company stock valued at $2,756,709,930. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of a number of recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. TD Cowen lowered their price target 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. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target on the stock. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Finally, UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.38.

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.