Machina Capital S.A.S. Has $2.72 Million Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Machina Capital S.A.S. grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 37.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,462 shares of the company’s stock after purchasing an additional 21,686 shares during the period. Machina Capital S.A.S.’s holdings in Keurig Dr Pepper were worth $2,719,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Townsquare Capital LLC boosted its position in Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock worth $505,000 after acquiring an additional 327 shares during the last quarter. First American Bank increased its position in Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company’s stock valued at $2,038,000 after purchasing an additional 344 shares during the period. Allworth Financial LP grew its position in shares of Keurig Dr Pepper by 3.8% during the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock worth $353,000 after buying an additional 371 shares during the period. New Age Alpha Advisors LLC increased its holdings in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Finally, Citadel Investment Advisory Inc. boosted its holdings in shares of Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company’s stock worth $221,000 after buying an additional 400 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, June 27th. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. 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 research note on Friday, April 25th. Argus initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.62.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.50 on Thursday. The firm’s 50 day moving average is $33.28 and its two-hundred day moving average is $33.22. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The firm has a market capitalization of $45.50 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.60 and a beta of 0.47. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. Research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 83.64%.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president directly owned 62,411 shares in the company, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the sale, the director owned 2,846,490 shares in the company, valued at approximately $97,122,238.80. This represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock valued at $23,557,560 in the last three months. 0.40% of the stock is currently owned by insiders.

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.