Oppenheimer & Co. Inc. Invests $400,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Oppenheimer & Co. Inc. acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,444 shares of the company's stock, valued at approximately $400,000.

Other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $37,000. Brooklyn Investment Group bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $61,000. Finally, R Squared Ltd bought a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $70,000. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Down 2.4 %

NASDAQ KDP traded down $0.80 on Monday, reaching $32.54. The company had a trading volume of 21,287,580 shares, compared to its average volume of 9,206,444. The firm has a market cap of $44.15 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $28.62 and a fifty-two week high of $38.28. The business has a 50 day moving average of $32.06 and a two-hundred day moving average of $33.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

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Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.83%. Keurig Dr Pepper's payout ratio is 87.62%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KDP shares. UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler started coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a "neutral" rating and a $35.00 target price for the company. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Barclays set a $39.00 target price on Keurig Dr Pepper in a research note on Thursday, February 27th. Finally, Morgan Stanley upped their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is currently owned by insiders.

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.