Russell Investments Group Ltd. Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Russell Investments Group Ltd. raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 27.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,273,125 shares of the company’s stock after acquiring an additional 274,689 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Keurig Dr Pepper worth $40,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KDP. New Age Alpha Advisors LLC raised its holdings in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares during the last quarter. LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper in the 4th quarter valued at $42,000. Finally, Brooklyn Investment Group lifted its stake in shares of Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock worth $70,000 after purchasing an additional 554 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP stock opened at $33.60 on Tuesday. The firm has a market cap of $45.59 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. 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 Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The stock has a 50-day simple moving average of $33.09 and a 200-day simple moving average of $33.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted 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. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company 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 $0.23 dividend. 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 payout ratio is currently 87.62%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The purchase 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 Keurig Dr Pepper 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 sale, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,409,350 shares of company stock worth $2,756,709,930 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KDP shares. TD Cowen lowered their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.38.

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.