Tower Research Capital LLC TRC Buys 87,376 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Tower Research Capital LLC TRC increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 190.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,204 shares of the company’s stock after acquiring an additional 87,376 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Keurig Dr Pepper were worth $4,279,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KDP. Vanguard Group Inc. boosted its position in shares of Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares in the last quarter. Wellington Management Group LLP raised its stake in Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the period. Geode Capital Management LLC lifted its holdings in Keurig Dr Pepper by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock worth $784,974,000 after acquiring an additional 1,962,195 shares in the last quarter. Invesco Ltd. grew its stake in Keurig Dr Pepper by 19.6% in the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock valued at $693,972,000 after acquiring an additional 3,539,463 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock worth $681,579,000 after acquiring an additional 8,363,192 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KDP. Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Piper Sandler raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, UBS Group upped their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $39.21.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $35.41 on Monday. The stock’s 50-day simple moving average is $33.82 and its 200 day simple moving average is $33.23. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week 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 company has a market cap of $48.04 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.42 and a beta of 0.54.

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. The firm 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 company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now owns 154,511 shares in the company, valued at approximately $5,499,046.49. This trade represents a 7.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 84,421,350 shares of company stock worth $2,757,137,010. Corporate insiders own 1.00% of the company’s stock.

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.