SG Americas Securities LLC Acquires 313,826 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

SG Americas Securities LLC grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1,553.0% in the first quarter, Holdings Channel reports. The firm owned 334,034 shares of the company’s stock after purchasing an additional 313,826 shares during the period. SG Americas Securities LLC’s holdings in Keurig Dr Pepper were worth $11,431,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KDP. Vanguard Group Inc. grew its position in Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares in the last quarter. Wellington Management Group LLP lifted its stake in Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after purchasing an additional 5,646,179 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 last quarter. Geode Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock valued at $784,974,000 after acquiring an additional 1,962,195 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock worth $693,972,000 after purchasing an additional 3,539,463 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $33.10, for a total value of $6,884,800.00. Following the completion of the sale, the director now owns 2,638,490 shares of the company’s stock, valued at approximately $87,334,019. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the sale, the insider now directly owns 178,511 shares of the company’s stock, valued at $5,960,482.29. The trade was a 6.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 698,500 shares of company stock worth $23,591,400. Insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Down 0.3%

Shares of KDP stock opened at $32.86 on Thursday. The stock has a market cap of $44.63 billion, a P/E ratio of 19.92, a PEG ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $33.92 and its two-hundred day simple moving average is $33.07.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.80%. Keurig Dr Pepper’s payout ratio is 83.64%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KDP shares. Barclays increased their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. increased their price target 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. Royal Bank of Canada reiterated an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Four 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.33.

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.