Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Mariner LLC

Mariner LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,192 shares of the company's stock after buying an additional 11,148 shares during the period. Mariner LLC's holdings in Keurig Dr Pepper were worth $2,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KDP. New Age Alpha Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $42,000. Brooklyn Investment Group lifted its holdings in shares of Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after buying an additional 554 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $35.48 on Wednesday. The company has a market cap of $48.14 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.42 and a beta of 0.54. The business has a fifty day simple moving average of $33.96 and a 200-day simple moving average of $33.24. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company posted $0.55 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,421,350 shares of company stock valued at $2,757,137,010 in the last ninety days. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada restated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday. 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 report on Wednesday, January 8th. Argus began coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target on the stock. UBS Group raised their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Finally, Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.21.

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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