Infusive Asset Management Inc. Makes New $2.96 Million Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Infusive Asset Management Inc. purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 92,235 shares of the company's stock, valued at approximately $2,963,000.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after acquiring an additional 22,856,757 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after purchasing an additional 8,363,192 shares during the period. Norges Bank acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $197,819,000. Wellington Management Group LLP raised its position in Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Keurig Dr Pepper by 32.3% in the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company's stock worth $600,189,000 after purchasing an additional 4,562,128 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded down $0.35 during midday trading on Wednesday, hitting $35.13. The company had a trading volume of 10,652,265 shares, compared to its average volume of 9,982,339. The stock has a market cap of $47.66 billion, a PE ratio of 21.29, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The business's 50 day simple moving average is $33.96 and its two-hundred day simple moving average is $33.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed 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 2.62%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. This represents a 7.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,421,350 shares of company stock worth $2,757,137,010 in the last 90 days. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KDP. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. TD Cowen dropped their target price 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. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.21.

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.