Envestnet Asset Management Inc. Purchases 60,467 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Envestnet Asset Management Inc. lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,483,655 shares of the company's stock after acquiring an additional 60,467 shares during the period. Envestnet Asset Management Inc. owned 0.18% of Keurig Dr Pepper worth $79,775,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC boosted its stake in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter valued at approximately $35,000. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at $42,000. Finally, Brooklyn Investment Group lifted its stake in 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 acquiring an additional 554 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. JPMorgan Chase & Co. upped 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. UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $38.77.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded up $0.44 during trading on Monday, hitting $35.60. 2,840,061 shares of the company were exchanged, compared to its average volume of 9,904,360. The company has a market cap of $48.30 billion, a PE ratio of 21.58, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week 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 stock has a 50 day moving average of $33.39 and a 200 day moving average of $33.29.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.58%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is presently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the transaction, the insider now directly owns 178,511 shares of the company's stock, valued at $5,960,482.29. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,409,350 shares of company stock valued at $2,756,709,930 in the last three months. Company insiders own 1.00% of the company's stock.

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.