King Luther Capital Management Corp Increases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

King Luther Capital Management Corp lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,467,618 shares of the company's stock after buying an additional 88,765 shares during the period. King Luther Capital Management Corp owned about 0.11% of Keurig Dr Pepper worth $47,140,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Perigon Wealth Management LLC increased its stake in Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after buying an additional 342 shares during the last quarter. Barden Capital Management Inc. boosted its position in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after purchasing an additional 353 shares during the last quarter. Custom Index Systems LLC boosted its position in Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after purchasing an additional 357 shares during the last quarter. First Hawaiian Bank grew its stake in Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after purchasing an additional 384 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company's stock valued at $532,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a "neutral" rating and a $35.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. UBS Group reissued a "buy" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average price target of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This represents a 11.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company's stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,385,350 shares of company stock valued at $2,755,891,890 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.30 during mid-day trading on Thursday, hitting $33.11. 12,554,859 shares of the stock traded hands, compared to its average volume of 9,237,805. Keurig Dr Pepper Inc. has a 12-month low of $28.62 and a 12-month 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. The company has a market cap of $44.92 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The business's 50-day moving average price is $32.13 and its 200 day moving average price is $33.79.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $0.55 EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts expect 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. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Keurig Dr Pepper Company 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.