Fox Run Management L.L.C. Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fox Run Management L.L.C. purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,001 shares of the company’s stock, valued at approximately $450,000.

Other hedge funds have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Keurig Dr Pepper in the fourth quarter worth about $12,713,000. AXQ Capital LP raised its stake in shares of Keurig Dr Pepper by 44.4% during the 4th quarter. AXQ Capital LP now owns 57,027 shares of the company’s stock worth $1,832,000 after acquiring an additional 17,534 shares in the last quarter. Sei Investments Co. lifted its position in Keurig Dr Pepper by 18.2% during the fourth quarter. Sei Investments Co. now owns 1,221,401 shares of the company’s stock valued at $39,232,000 after acquiring an additional 187,792 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in Keurig Dr Pepper by 55.6% in the fourth quarter. Mizuho Securities USA LLC now owns 106,706 shares of the company’s stock valued at $3,427,000 after acquiring an additional 38,117 shares in the last quarter. Finally, Mindset Wealth Management LLC boosted its stake in Keurig Dr Pepper by 16.5% in the fourth quarter. Mindset Wealth Management LLC now owns 20,934 shares of the company’s stock valued at $672,000 after acquiring an additional 2,961 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KDP. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler assumed coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target for the company. Morgan Stanley boosted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, TD Cowen dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Six equities research 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, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Stock Down 0.1 %

KDP stock opened at $33.83 on Wednesday. The firm’s fifty day moving average is $32.55 and its 200 day moving average is $33.59. The firm has a market cap of $45.90 billion, a PE ratio of 20.50, a P/E/G ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

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

Keurig Dr Pepper Dividend Announcement

The business 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 $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 87.62%.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the transaction, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. The trade was a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,397,350 shares of company stock worth $2,756,292,570 in the last 90 days. Insiders own 1.00% of the company’s stock.

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.