Quadrature Capital Ltd Buys Shares of 289,519 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quadrature Capital Ltd purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 289,519 shares of the company’s stock, valued at approximately $8,877,000.

A number of other hedge funds have also recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $29,000. Mather Group LLC. bought a new position in Keurig Dr Pepper in the 1st quarter worth $45,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Keurig Dr Pepper by 79.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after acquiring an additional 715 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $55,000. Finally, Principal Securities Inc. bought a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $72,000. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the sale, the insider now directly owns 67,103 shares in the company, valued at $2,253,989.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction that occurred 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 owns 67,103 shares in the company, valued at approximately $2,253,989.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,293 shares of company stock valued at $1,694,642. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 1.6 %

KDP stock traded up $0.53 during trading on Friday, reaching $33.74. 12,633,236 shares of the company traded hands, compared to its average volume of 8,298,570. The business has a 50 day simple moving average of $33.61 and a 200 day simple moving average of $32.11. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The company has a market capitalization of $45.74 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities 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 declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a report on Friday. BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price target for the company. TD Cowen increased their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, UBS Group lifted their target price on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.50.

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.