Edgestream Partners L.P. Purchases New Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Edgestream Partners L.P. bought a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 309,247 shares of the company's stock, valued at approximately $9,933,000. Keurig Dr Pepper comprises about 0.4% of Edgestream Partners L.P.'s investment portfolio, making the stock its 11th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Keurig Dr Pepper by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after acquiring an additional 242,315 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Keurig Dr Pepper by 0.7% in the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock worth $122,038,000 after purchasing an additional 22,657 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares during the last quarter. Swedbank AB lifted its stake in shares of Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after buying an additional 13,179 shares during the last quarter. Finally, RWC Asset Management LLP grew its stake in Keurig Dr Pepper by 34.6% in the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after buying an additional 398,916 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on KDP. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley lifted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Piper Sandler initiated 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 target on the stock. Finally, TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $38.23.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over 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 currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded down $0.80 on Monday, hitting $32.54. The company had a trading volume of 21,287,580 shares, compared to its average volume of 9,202,248. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $32.06 and a 200 day moving average price of $33.82. Keurig Dr Pepper Inc. has a 1-year low of $28.62 and a 1-year high of $38.28. The stock 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 (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. Analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

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

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.