Citadel Investment Advisory Inc. Has $221,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Citadel Investment Advisory Inc. increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,445 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Citadel Investment Advisory Inc.’s holdings in Keurig Dr Pepper were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. Vanguard Group Inc. lifted its stake 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 valued at $3,841,140,000 after buying an additional 22,856,757 shares during the period. 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 valued at $1,755,564,000 after buying an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock valued at $681,579,000 after buying an additional 8,363,192 shares during the period. Norges Bank acquired a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $197,819,000. Finally, 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 valued at $1,946,561,000 after buying an additional 5,646,179 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the transaction, the insider now directly owns 178,511 shares in the company, valued at $5,960,482.29. This represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director De Ven Michael G. Van purchased 15,000 shares of the company’s stock in a transaction on Wednesday, June 4th. The stock was acquired at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $498,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 698,500 shares of company stock valued at $23,591,400. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.02 on Monday. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.42 and a beta of 0.48. The firm’s 50-day moving average is $33.90 and its 200 day moving average is $33.08. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last posted 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. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio is 83.64%.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent analyst reports. Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a “buy” rating and a $40.00 price target on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Barclays upped their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Keurig Dr Pepper Company 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.