Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 461.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,453 shares of the company's stock after buying an additional 40,647 shares during the period. Dark Forest Capital Management LP's holdings in Keurig Dr Pepper were worth $1,588,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its position in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock worth $100,796,000 after buying an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after acquiring an additional 112,819 shares during the period. Franklin Resources Inc. lifted its position in Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after purchasing an additional 41,466 shares during the last quarter. Swedbank AB boosted its stake in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company's stock valued at $23,994,000 after purchasing an additional 13,179 shares during the period. Finally, RWC Asset Management LLP grew its position in Keurig Dr Pepper by 34.6% in the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after purchasing an additional 398,916 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 0.5 %

Keurig Dr Pepper stock opened at $35.48 on Wednesday. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The firm's 50 day moving average price is $33.96 and its two-hundred day moving average price is $33.24. The firm has a market cap of $48.14 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth 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 (NASDAQ:KDP - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is presently 87.62%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. UBS Group boosted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target on the stock. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, TD Cowen lowered 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 note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.21.

Insiders Place Their Bets

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the completion of the sale, the insider now directly owns 187,537 shares of the company's stock, valued at approximately $6,385,634.85. This represents a 6.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,421,350 shares of company stock worth $2,757,137,010 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.

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