AlphaQuest LLC Purchases Shares of 49,685 Keurig Dr Pepper Inc. (NASDAQ:KDP)

AlphaQuest LLC purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,685 shares of the company’s stock, valued at approximately $1,596,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $38,629,000. Amundi grew its position in shares of Keurig Dr Pepper by 17.0% during the fourth quarter. Amundi now owns 4,088,855 shares of the company’s stock worth $127,245,000 after acquiring an additional 593,189 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Keurig Dr Pepper by 19.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,411 shares of the company’s stock worth $302,000 after acquiring an additional 1,513 shares during the last quarter. HM Payson & Co. grew its position in shares of Keurig Dr Pepper by 7.7% during the fourth quarter. HM Payson & Co. now owns 21,915 shares of the company’s stock worth $704,000 after acquiring an additional 1,566 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Keurig Dr Pepper by 9.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 173,170 shares of the company’s stock worth $5,562,000 after acquiring an additional 14,805 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of the firm’s 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 completion of the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Morgan Stanley raised their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. TD Cowen lowered 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $33.34 on Friday. Keurig Dr Pepper Inc. has a one year low of $28.62 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. The business has a fifty day moving average of $32.05 and a two-hundred day moving average of $33.86. The company has a market cap of $45.23 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results 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 company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the company earned $0.55 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share 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. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

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.