Sciencast Management LP Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sciencast Management LP bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,544 shares of the company’s stock, valued at approximately $906,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Keurig Dr Pepper by 49.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock valued at $48,880,000 after purchasing an additional 487,589 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Keurig Dr Pepper by 254.6% in the first quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after buying an additional 68,840 shares during the period. Franklin Resources Inc. boosted its position in Keurig Dr Pepper by 608.0% during the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after acquiring an additional 698,665 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Keurig Dr Pepper by 24.3% during the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock worth $86,820,000 after acquiring an additional 509,393 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Keurig Dr Pepper in the fourth quarter worth approximately $3,616,000. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.19 on Friday, hitting $32.62. The company’s stock had a trading volume of 4,638,456 shares, compared to its average volume of 9,236,579. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The company has a market capitalization of $44.22 billion, a PE ratio of 21.05, a PEG ratio of 2.41 and a beta of 0.62. The company has a 50-day simple moving average of $33.80 and a 200 day simple moving average of $32.10.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now owns 100,000 shares in the company, valued at $3,382,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Patrick Minogue sold 17,293 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the sale, the insider now directly owns 67,103 shares in the company, valued at approximately $2,253,989.77. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. Insiders sold a total of 81,520 shares of company stock worth $2,750,739 over the last three months. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KDP shares. Jefferies Financial Group cut their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. BNP Paribas initiated coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective on the stock. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price objective for the company from $27.00 to $34.00 in a report on Monday, June 17th. Barclays upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.57.

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.