Callan Family Office LLC Buys 7,553 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Callan Family Office LLC boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 127.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,460 shares of the company's stock after purchasing an additional 7,553 shares during the quarter. Callan Family Office LLC's holdings in Keurig Dr Pepper were worth $432,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company's stock valued at $3,829,824,000 after acquiring an additional 9,105,164 shares during the last quarter. State Street Corp grew its holdings in Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company's stock valued at $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. National Bank of Canada FI increased its stake in Keurig Dr Pepper by 394.3% in the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock valued at $91,908,000 after purchasing an additional 1,956,138 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Keurig Dr Pepper in the fourth quarter worth $57,995,000. Finally, King Luther Capital Management Corp raised its holdings in Keurig Dr Pepper by 125.5% in the third quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company's stock worth $51,679,000 after purchasing an additional 767,298 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KDP. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They issued a "neutral" rating and a $35.00 price objective for the company. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. UBS Group reissued a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $38.23.

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Insider Activity

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Stock Down 0.6 %

Keurig Dr Pepper stock opened at $33.34 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1-year low of $28.62 and a 1-year high of $38.28. The company has a fifty day simple moving average of $32.05 and a 200 day simple moving average of $33.84. The company has a market cap of $45.23 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is 87.62%.

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.

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