Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,273,125 shares of the company's stock after purchasing an additional 274,689 shares during the period. Russell Investments Group Ltd. owned 0.09% of Keurig Dr Pepper worth $40,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KDP. New Age Alpha Advisors LLC lifted its position in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper in the fourth quarter valued at $42,000. Finally, Brooklyn Investment Group grew its position in shares of Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after buying an additional 554 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KDP has been the subject of several analyst reports. UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. 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 report on Wednesday, January 8th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $35.00 to $40.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.77.

Keurig Dr Pepper Trading Up 1.2 %

NASDAQ KDP traded up $0.41 during mid-day trading on Friday, reaching $35.16. 11,236,316 shares of the stock were exchanged, compared to its average volume of 9,931,508. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The stock has a market capitalization of $47.70 billion, a PE ratio of 21.31, a PEG ratio of 2.42 and a beta of 0.54. The business's fifty day simple moving average is $33.39 and its 200 day simple moving average is $33.29. 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 quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the firm posted $0.55 EPS. The company's revenue was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share 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. Stockholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now 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 84,409,350 shares of company stock valued at $2,756,709,930 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

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.