Assenagon Asset Management S.A. raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 12.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,289 shares of the company’s stock after purchasing an additional 8,497 shares during the period. Assenagon Asset Management S.A.’s holdings in Keurig Dr Pepper were worth $2,797,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in KDP. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $33,000. Resurgent Financial Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $34,000. Kepos Capital LP acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $35,000. Ronald Blue Trust Inc. raised its position in shares of Keurig Dr Pepper by 94.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,013 shares of the company’s stock valued at $36,000 after purchasing an additional 491 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $36,000. 52.29% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Keurig Dr Pepper
In other news, insider Matthew Andrew Archambault sold 14,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $32.39, for a total value of $453,460.00. Following the completion of the transaction, the insider now owns 40,878 shares of the company’s stock, valued at $1,324,038.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Matthew Andrew Archambault sold 14,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $32.39, for a total transaction of $453,460.00. Following the completion of the transaction, the insider now owns 40,878 shares of the company’s stock, valued at $1,324,038.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony Shoemaker bought 9,870 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were purchased at an average cost of $33.02 per share, with a total value of $325,907.40. Following the purchase, the insider now directly owns 72,167 shares of the company’s stock, valued at $2,382,954.34. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 34,000 shares of company stock valued at $1,112,260. 0.81% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Keurig Dr Pepper Price Performance
Shares of NASDAQ KDP opened at $31.75 on Thursday. Keurig Dr Pepper Inc. has a 1-year low of $30.47 and a 1-year high of $41.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.24. The business’s fifty day moving average price is $31.70 and its two-hundred day moving average price is $33.66. The firm has a market capitalization of $44.57 billion, a PE ratio of 34.14, a P/E/G ratio of 2.64 and a beta of 0.57.
Keurig Dr Pepper (NASDAQ:KDP – Free Report) last issued its earnings results on Thursday, April 27th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Keurig Dr Pepper had a return on equity of 9.52% and a net margin of 9.20%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.78 EPS for the current year.
Keurig Dr Pepper Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. Keurig Dr Pepper’s payout ratio is 86.02%.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
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