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

First Trust Advisors LP boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,470,744 shares of the company's stock after buying an additional 184,295 shares during the period. First Trust Advisors LP owned approximately 0.18% of Keurig Dr Pepper worth $79,360,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC raised its position 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 buying an additional 389 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Brooklyn Investment Group lifted its position in shares of Keurig Dr Pepper by 34.0% in the fourth 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 position in Keurig Dr Pepper during the fourth quarter worth $70,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

KDP traded down $0.06 on Friday, reaching $34.40. The company had a trading volume of 9,610,834 shares, compared to its average volume of 10,040,544. The stock has a market cap of $46.67 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company's fifty day moving average is $34.09 and its 200 day moving average is $33.24.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.67%. Keurig Dr Pepper's payout ratio is presently 83.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Argus initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target on the stock. TD Cowen dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the company from $36.00 to $42.00 in a research note on Friday. UBS Group upped their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their target price 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. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.