Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Holdings Boosted by AXQ Capital LP

AXQ Capital LP lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 44.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,027 shares of the company’s stock after buying an additional 17,534 shares during the quarter. Keurig Dr Pepper comprises 0.8% of AXQ Capital LP’s portfolio, making the stock its 6th largest position. AXQ Capital LP’s holdings in Keurig Dr Pepper were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of KDP. Caprock Group LLC boosted its stake in Keurig Dr Pepper by 4.1% in the 3rd quarter. Caprock Group LLC now owns 22,948 shares of the company’s stock worth $866,000 after purchasing an additional 897 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $2,513,000. PNC Financial Services Group Inc. increased its holdings in shares of Keurig Dr Pepper by 11.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 158,365 shares of the company’s stock worth $5,936,000 after purchasing an additional 15,779 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Keurig Dr Pepper by 18.8% during the third quarter. First Horizon Advisors Inc. now owns 5,868 shares of the company’s stock valued at $220,000 after purchasing an additional 928 shares in the last quarter. Finally, Cornerstone Advisors LLC boosted its position in shares of Keurig Dr Pepper by 11.2% during the third quarter. Cornerstone Advisors LLC now owns 49,800 shares of the company’s stock valued at $1,867,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $33.55 on Friday. The stock has a 50 day moving average of $32.44 and a 200 day moving average of $33.68. Keurig Dr Pepper Inc. has a 12 month low of $29.53 and a 12 month high of $38.28. The firm has a market cap of $45.52 billion, a PE ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly 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 analyst estimates of $4.01 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS 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. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. This represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a 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 that occurred 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 sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was 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 84,397,350 shares of company stock worth $2,756,292,570 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KDP. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock 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 upped their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.