Latitude Advisors LLC Makes New $200,000 Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Latitude Advisors LLC purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,016 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. OFI Invest Asset Management purchased a new stake in Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth about $29,000. Geneos Wealth Management Inc. increased its stake in Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after acquiring an additional 818 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at about $34,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $34,000. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KDP shares. HSBC initiated coverage on shares of Keurig Dr Pepper in a research report on Friday, December 22nd. They issued a “hold” rating and a $37.00 price objective on the stock. Barclays raised their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Wedbush dropped their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Finally, Morgan Stanley cut their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.45.

Keurig Dr Pepper Price Performance

KDP opened at $30.88 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The stock has a market capitalization of $42.85 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.66. The stock’s 50 day moving average price is $30.25 and its 200-day moving average price is $31.00. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.78%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Insiders Place Their Bets

In other news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the sale, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert S. Singer sold 12,132 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock worth $2,890,354,861 over the last three months. Company insiders own 0.81% 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.