Interval Partners LP Acquires 429,425 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Interval Partners LP lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 115.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 800,399 shares of the company’s stock after purchasing an additional 429,425 shares during the quarter. Keurig Dr Pepper comprises approximately 0.7% of Interval Partners LP’s portfolio, making the stock its 29th largest holding. Interval Partners LP owned approximately 0.06% of Keurig Dr Pepper worth $24,548,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KDP. Capital World Investors increased its holdings in shares of Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after acquiring an additional 12,259,471 shares during the last quarter. Norges Bank bought a new position in Keurig Dr Pepper in the fourth quarter valued at $317,979,000. Vanguard Group Inc. increased its stake in Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after acquiring an additional 7,825,418 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new position in Keurig Dr Pepper in the fourth quarter valued at $105,569,000. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KDP shares. Barclays reduced their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. TD Cowen increased their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. UBS Group upped their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Wells Fargo & Company upped their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Insider Activity at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the sale, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Stock Down 0.1 %

KDP traded down $0.04 on Tuesday, hitting $34.12. The company had a trading volume of 8,016,483 shares, compared to its average volume of 9,270,375. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.00. The stock has a fifty day simple moving average of $33.62 and a 200-day simple moving average of $32.12. The firm has a market capitalization of $46.27 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.60 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

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.