SG Americas Securities LLC Has $11.43 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

SG Americas Securities LLC raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1,553.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 334,034 shares of the company’s stock after purchasing an additional 313,826 shares during the quarter. SG Americas Securities LLC’s holdings in Keurig Dr Pepper were worth $11,431,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock valued at $1,755,564,000 after acquiring an additional 14,473,054 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock valued at $784,974,000 after acquiring an additional 1,962,195 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Keurig Dr Pepper by 19.6% in the 4th 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 last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $32.86 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $33.92 and a two-hundred day moving average price of $33.07. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a market cap of $44.63 billion, a P/E ratio of 19.92, a PEG ratio of 2.42 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results 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 firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the business posted $0.38 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. Keurig Dr Pepper’s dividend payout ratio is presently 83.64%.

Analyst Ratings Changes

A number of brokerages have recently commented on KDP. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Argus initiated coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price for the company. Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.33.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total value of $7,063,680.00. Following the sale, the director now owns 3,054,490 shares of the company’s stock, valued at approximately $103,730,480.40. The trade was a 6.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the sale, the insider now directly owns 178,511 shares in the company, valued at $5,960,482.29. This trade represents a 6.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 698,500 shares of company stock worth $23,591,400 in the last three months. Company insiders own 0.40% 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.