Symmetry Partners LLC Buys 2,216 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Symmetry Partners LLC raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 33.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,818 shares of the company’s stock after purchasing an additional 2,216 shares during the quarter. Symmetry Partners LLC’s holdings in Keurig Dr Pepper were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KDP. Turtle Creek Wealth Advisors LLC bought a new stake in Keurig Dr Pepper in the 4th quarter valued at $29,000. Bruce G. Allen Investments LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth $34,000. Ulland Investment Advisors LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth $50,000. Operose Advisors LLC grew its position in Keurig Dr Pepper by 28.7% during the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after acquiring an additional 373 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Keurig Dr Pepper by 79.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after acquiring an additional 715 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KDP has been the topic of a number of analyst reports. Wedbush reduced their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Royal Bank of Canada cut their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Finally, UBS Group upped their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.62.

Keurig Dr Pepper Stock Performance

Shares of KDP traded down $0.20 on Tuesday, reaching $34.49. 4,522,892 shares of the company’s stock traded hands, compared to its average volume of 9,347,970. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market cap of $46.75 billion, a PE ratio of 22.38, a PEG ratio of 2.57 and a beta of 0.62. The stock’s 50 day simple moving average is $33.30 and its two-hundred day simple moving average is $31.97. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. On average, analysts forecast 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 will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.49%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Activity at Keurig Dr Pepper

In other news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $3,382,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,520 shares of company stock valued at $2,750,739. Corporate insiders own 1.00% of the company’s stock.

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.