Centaurus Financial Inc. Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Centaurus Financial Inc. acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,162 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds have also recently made changes to their positions in the company. LaFleur & Godfrey LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $806,000. Blue Trust Inc. grew its position in Keurig Dr Pepper by 50.6% during the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the company’s stock worth $182,000 after purchasing an additional 1,906 shares during the period. Custom Index Systems LLC grew its position in Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in shares of Keurig Dr Pepper by 28.3% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 22,075 shares of the company’s stock valued at $709,000 after buying an additional 4,874 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper by 13.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,531 shares of the company’s stock valued at $1,045,000 after buying an additional 3,947 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KDP shares. Barclays raised their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Royal Bank of Canada restated an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Keurig Dr Pepper Trading Up 0.2%

Shares of Keurig Dr Pepper stock opened at $33.51 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock’s 50 day simple moving average is $34.17 and its 200-day simple moving average is $33.03. The stock has a market cap of $45.51 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. Keurig Dr Pepper’s payout ratio is 83.64%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the completion of the sale, the director now owns 3,054,490 shares of the company’s stock, valued at $103,730,480.40. This trade represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total value of $408,600.00. Following the completion of the sale, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. This represents a 6.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 906,500 shares of company stock valued at $30,984,800. 0.40% of the stock is owned by company insiders.

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.