Smartleaf Asset Management LLC Acquires 1,835 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Smartleaf Asset Management LLC increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,337 shares of the company’s stock after purchasing an additional 1,835 shares during the period. Smartleaf Asset Management LLC’s holdings in Keurig Dr Pepper were worth $171,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $35,000. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at $61,000. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at $70,000. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the sale, the insider now directly owns 187,537 shares in the company, valued at $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now owns 74,587 shares in the company, 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. Insiders have sold a total of 84,385,350 shares of company stock worth $2,755,891,890 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KDP. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, Piper Sandler began coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Keurig Dr Pepper Trading Up 0.7 %

Shares of Keurig Dr Pepper stock opened at $33.53 on Friday. Keurig Dr Pepper Inc. has a 52-week low of $28.62 and a 52-week high of $38.28. The stock’s 50-day simple moving average is $32.03 and its 200 day simple moving average is $33.89. The stock has a market capitalization of $45.49 billion, a P/E ratio of 20.32, a P/E/G ratio of 2.42 and a beta of 0.62. 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 announced its quarterly earnings data 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 analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

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.