Elo Mutual Pension Insurance Co raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,610 shares of the company’s stock after buying an additional 565 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $1,396,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of KDP. TD Ameritrade Investment Management LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter worth about $25,000. First Horizon Corp boosted its holdings in Keurig Dr Pepper by 7,461.5% in the 4th quarter. First Horizon Corp now owns 983 shares of the company’s stock worth $31,000 after buying an additional 970 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter worth about $32,000. Cranbrook Wealth Management LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter worth about $44,000. Finally, Tompkins Financial Corp purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $51,000. Institutional investors own 44.81% of the company’s stock.
A number of research analysts have weighed in on KDP shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, April 21st. Morgan Stanley raised their target price on shares of Keurig Dr Pepper from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, April 30th. Credit Suisse Group raised their target price on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, April 30th. Evercore ISI reissued a “hold” rating on shares of Keurig Dr Pepper in a research note on Monday, May 3rd. Finally, JPMorgan Chase & Co. raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $33.00 to $39.00 in a research note on Friday, March 19th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Keurig Dr Pepper currently has an average rating of “Hold” and an average price target of $35.75.
Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Keurig Dr Pepper had a net margin of 12.55% and a return on equity of 8.74%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.71 billion. On average, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Thursday, July 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, June 30th. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.15. Keurig Dr Pepper’s dividend payout ratio (DPR) is 42.86%.
In related news, insider Herbert Derek Hopkins sold 111,537 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $36.02, for a total value of $4,017,562.74. Following the completion of the sale, the insider now owns 691,117 shares in the company, valued at approximately $24,894,034.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin Whitmore bought 8,916 shares of the company’s stock in a transaction that occurred on Thursday, May 20th. The stock was bought at an average price of $36.18 per share, with a total value of $322,580.88. Following the acquisition, the insider now directly owns 73,577 shares in the company, valued at approximately $2,662,015.86. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment offers Keurig single serve brewers and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.
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