Boston Partners Acquires 736,567 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Boston Partners grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 29.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,210,595 shares of the company’s stock after acquiring an additional 736,567 shares during the quarter. Boston Partners owned 0.24% of Keurig Dr Pepper worth $109,893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of KDP. Vanguard Group Inc. boosted its position in shares of Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock valued at $4,962,338,000 after acquiring an additional 25,425,644 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Keurig Dr Pepper by 108.1% in the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock valued at $1,330,565,000 after acquiring an additional 20,196,835 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares during the period. Northern Trust Corp lifted its position in Keurig Dr Pepper by 20.6% in the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company’s stock worth $436,788,000 after purchasing an additional 2,320,614 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Keurig Dr Pepper by 18.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company’s stock worth $318,836,000 after buying an additional 1,548,622 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KDP shares. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Argus started coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a “buy” rating and a $40.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th. Finally, Hsbc Global Res upgraded Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Two 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.77.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director De Ven Michael G. Van purchased 15,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were bought at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 672,000 shares of company stock worth $22,235,760. Corporate insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Trading Up 0.0%

NASDAQ:KDP opened at $34.82 on Thursday. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The stock has a market capitalization of $47.30 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 2.54 and a beta of 0.45. The business’s 50-day simple moving average is $33.42 and its 200-day simple moving average is $33.49.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Keurig Dr Pepper’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.6%. Keurig Dr Pepper’s payout ratio is presently 82.14%.

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.