MetLife Investment Management LLC Acquires 22,810 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

MetLife Investment Management LLC grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 297,892 shares of the company's stock after purchasing an additional 22,810 shares during the quarter. MetLife Investment Management LLC's holdings in Keurig Dr Pepper were worth $9,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC increased its position in shares of 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. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $42,000. Brooklyn Investment Group grew its stake in shares of 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 during the period. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Buying and Selling

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the sale, the insider now owns 154,511 shares of the company's stock, valued at $5,499,046.49. The trade was a 7.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KDP shares. TD Cowen cut their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $39.40.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.06 on Friday, reaching $34.40. The company's stock had a trading volume of 9,610,834 shares, compared to its average volume of 10,023,835. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a market cap of $46.67 billion, a P/E ratio of 20.85, a PEG ratio of 2.42 and a beta of 0.54. The company has a 50-day simple moving average of $34.13 and a 200 day simple moving average of $33.18. 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 released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. As a group, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.23 per share. 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 2.67%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

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.