Norden Group LLC Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Norden Group LLC bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 42,887 shares of the company’s stock, valued at approximately $1,315,000.

Other institutional investors also recently modified their holdings of the company. Morningstar Investment Management LLC increased its stake in shares of Keurig Dr Pepper by 1.1% in the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after acquiring an additional 328 shares during the last quarter. Kentucky Retirement Systems raised its holdings in Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after purchasing an additional 344 shares during the period. Czech National Bank boosted its position in shares of Keurig Dr Pepper by 0.3% during the fourth quarter. Czech National Bank now owns 176,335 shares of the company’s stock worth $5,875,000 after purchasing an additional 502 shares in the last quarter. US Bancorp DE grew its holdings in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. US Bancorp DE now owns 121,107 shares of the company’s stock valued at $4,035,000 after buying an additional 503 shares during the period. Finally, Marco Investment Management LLC increased its position in shares of Keurig Dr Pepper by 2.7% in the 4th quarter. Marco Investment Management LLC now owns 20,650 shares of the company’s stock valued at $688,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group boosted their target price on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Barclays boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their target price for the stock from $27.00 to $34.00 in a report on Monday, June 17th. Wells Fargo & Company increased their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, Jefferies Financial Group cut their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction dated 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 owns 100,000 shares in the company, valued at approximately $3,382,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. Insiders sold 81,520 shares of company stock valued at $2,750,739 in the last quarter. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Down 0.2 %

Shares of NASDAQ:KDP traded down $0.06 during midday trading on Friday, hitting $32.66. The stock had a trading volume of 6,187,519 shares, compared to its average volume of 9,247,225. The company has a market cap of $44.27 billion, a P/E ratio of 20.97, a PEG ratio of 2.47 and a beta of 0.62. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.00. The business’s 50-day simple moving average is $33.96 and its 200-day simple moving average is $32.11. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business 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%. Keurig Dr Pepper’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. On average, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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.