Magnetar Financial LLC Makes New $2.87 Million Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Magnetar Financial LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 89,259 shares of the company’s stock, valued at approximately $2,867,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $35,000. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $37,000. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $61,000. R Squared Ltd acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $70,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $33.43 on Friday. Keurig Dr Pepper Inc. has a 12 month low of $29.53 and a 12 month high of $38.28. The stock has a 50 day moving average of $32.37 and a two-hundred day moving average of $33.70. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market cap of $45.36 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 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 firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 87.62%.

Insider Activity

In other news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. Corporate insiders own 1.00% of the company’s stock.

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.