Berry Wealth Group LP Takes $247,000 Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Berry Wealth Group LP bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, Holdings Channel.com reports. The firm bought 7,204 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its position in Keurig Dr Pepper by 53.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock worth $10,400,000 after purchasing an additional 112,819 shares during the last quarter. RWC Asset Management LLP increased its position in Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after purchasing an additional 398,916 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $400,000. Raymond James Financial Inc. acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $57,995,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Keurig Dr Pepper during the first quarter worth about $4,091,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 1.0%

Shares of Keurig Dr Pepper stock opened at $33.26 on Tuesday. The stock has a market cap of $45.17 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 2.61 and a beta of 0.48. The company has a fifty day simple moving average of $33.71 and a 200-day simple moving average of $33.10. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 12-month low of $30.12 and a 12-month high of $38.28.

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. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. Keurig Dr Pepper’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio is currently 83.64%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.71.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the transaction, the insider now owns 154,511 shares in the company, valued at approximately $5,499,046.49. This represents a 7.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the transaction, the vice president now owns 62,411 shares of the company’s stock, valued at $2,136,952.64. This represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 686,500 shares of company stock worth $23,190,720 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Company 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.