Xponance Inc. Purchases 16,058 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Xponance Inc. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 163,618 shares of the company’s stock after acquiring an additional 16,058 shares during the period. Xponance Inc.’s holdings in Keurig Dr Pepper were worth $5,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $61,000. R Squared Ltd bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $70,000. Finally, Cromwell Holdings LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth $77,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 0.4 %

Shares of KDP opened at $33.47 on Thursday. The stock has a market capitalization of $45.41 billion, a P/E ratio of 20.28, a PEG ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $32.33 and a two-hundred day simple moving average of $33.70. Keurig Dr Pepper Inc. has a twelve month low of $29.29 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. On average, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the company’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 directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,385,350 shares of company stock valued at $2,755,891,890 in the last quarter. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. 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.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $38.23.

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.