Ethic Inc. Boosts Stock Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Ethic Inc. lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,590 shares of the company’s stock after purchasing an additional 4,096 shares during the period. Ethic Inc.’s holdings in Keurig Dr Pepper were worth $6,840,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock worth $4,962,338,000 after buying an additional 25,425,644 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Keurig Dr Pepper by 108.1% in the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company’s stock worth $1,330,565,000 after buying an additional 20,196,835 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 buying an additional 14,473,054 shares in the last quarter. Northern Trust Corp raised its stake in Keurig Dr Pepper by 20.6% in the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company’s stock worth $436,788,000 after buying an additional 2,320,614 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Keurig Dr Pepper by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company’s stock worth $318,836,000 after buying an additional 1,548,622 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director De Ven Michael G. Van purchased 15,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average cost of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $498,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 672,000 shares of company stock valued at $22,235,760 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $34.78 on Friday. The company has a market capitalization of $47.25 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.53 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a 50 day simple moving average of $33.50 and a two-hundred day simple moving average of $33.53. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. Analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 82.14%.

Analyst Ratings Changes

A number of research firms recently issued reports on KDP. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Barclays increased their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. UBS Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Finally, Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.77.

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.