DLD Asset Management LP Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

DLD Asset Management LP acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 225,000 shares of the company's stock, valued at approximately $7,227,000. Keurig Dr Pepper comprises 0.9% of DLD Asset Management LP's portfolio, making the stock its 20th largest holding.

Other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC boosted its holdings in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the period. 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 acquired a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper during the 4th quarter worth $42,000. Finally, Brooklyn Investment Group raised its holdings in Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after acquiring an additional 554 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,409,350 shares of company stock valued at $2,756,709,930 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Trading Down 1.5 %

NASDAQ:KDP traded down $0.52 during trading hours on Monday, hitting $33.29. 6,070,113 shares of the company were exchanged, compared to its average volume of 9,734,406. The company has a fifty day simple moving average of $33.05 and a 200 day simple moving average of $33.43. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The stock has a market capitalization of $45.17 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. 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 (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the company earned $0.55 earnings per share. The firm's revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect 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, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KDP. TD Cowen dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Finally, Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $35.00 price objective for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.38.

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.