Headlands Technologies LLC Acquires 80,206 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Headlands Technologies LLC raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 127.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,248 shares of the company's stock after purchasing an additional 80,206 shares during the period. Headlands Technologies LLC's holdings in Keurig Dr Pepper were worth $4,601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KDP. 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 worth $28,000 after buying an additional 389 shares during the period. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the third quarter worth $35,000. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $42,000. Finally, Brooklyn Investment Group raised its stake in shares of Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after purchasing an additional 554 shares during the period. Institutional investors own 93.99% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the transaction, the insider now directly owns 166,511 shares in the company, valued at $5,791,252.58. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,409,350 shares of company stock worth $2,756,709,930 in the last 90 days. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KDP. 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 report on Wednesday, February 26th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $40.00 in a research note on Tuesday. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $38.38.

Keurig Dr Pepper Price Performance

Shares of KDP traded down $1.82 during midday trading on Friday, reaching $33.81. The stock had a trading volume of 16,131,885 shares, compared to its average volume of 9,747,634. 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 company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company's 50-day moving average is $33.05 and its 200 day moving average is $33.45. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 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.