First Trust Advisors LP Purchases 184,295 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

First Trust Advisors LP lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 8.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,470,744 shares of the company's stock after purchasing an additional 184,295 shares during the quarter. First Trust Advisors LP owned 0.18% of Keurig Dr Pepper worth $79,360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC lifted its stake in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after buying an additional 389 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper in the 4th quarter worth approximately $42,000. Brooklyn Investment Group grew its position in Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after purchasing an additional 554 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.06 during trading on Friday, reaching $34.40. The company had a trading volume of 9,610,834 shares, compared to its average volume of 10,022,479. The firm's 50 day simple moving average is $34.13 and its two-hundred day simple moving average is $33.23. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market capitalization of $46.67 billion, a PE ratio of 20.85, a PEG ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

Insider Activity

In related news, VP Angela A. Stephens sold 7,350 shares of the business'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 transaction, the vice president now owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 134,113,479 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KDP. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the company from $36.00 to $42.00 in a research report on Friday. Finally, UBS Group increased their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.40.

Keurig Dr Pepper 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.