Waterloo Capital L.P. Has $288,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Waterloo Capital L.P. cut its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 58.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,957 shares of the company’s stock after selling 12,830 shares during the quarter. Waterloo Capital L.P.’s holdings in Keurig Dr Pepper were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KDP. Peapack Gladstone Financial Corp increased its holdings in Keurig Dr Pepper by 11.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 10,035 shares of the company’s stock worth $322,000 after purchasing an additional 1,016 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Keurig Dr Pepper by 58.8% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 405,000 shares of the company’s stock valued at $13,009,000 after purchasing an additional 150,000 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Keurig Dr Pepper by 27.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,273,125 shares of the company’s stock worth $40,777,000 after purchasing an additional 274,689 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Keurig Dr Pepper by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,483,655 shares of the company’s stock valued at $79,775,000 after buying an additional 60,467 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $1,203,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KDP. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Piper Sandler started coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price for the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. TD Cowen decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average target price of $38.38.

Insiders Place Their Bets

In other news, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,409,350 shares of company stock worth $2,756,709,930. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 0.6 %

KDP opened at $33.60 on Tuesday. The company has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $33.40. 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 $45.59 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its 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 business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

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.