Oak Thistle LLC Increases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Oak Thistle LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 233.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,412 shares of the company's stock after purchasing an additional 19,202 shares during the period. Oak Thistle LLC's holdings in Keurig Dr Pepper were worth $880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper during the third quarter worth about $25,000. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $35,000. Hexagon Capital Partners LLC increased its stake in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $61,000. Finally, Federated Hermes Inc. lifted its stake in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company's stock valued at $59,000 after purchasing an additional 314 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Royal Bank of Canada boosted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.71.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.31 during trading hours on Thursday, hitting $31.28. The stock had a trading volume of 7,267,746 shares, compared to its average volume of 7,280,722. The company has a 50 day simple moving average of $32.34 and a two-hundred day simple moving average of $34.21. The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.20 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the business posted $0.48 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.94%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by 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.