Norden Group LLC Takes $1.32 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Norden Group LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 42,887 shares of the company’s stock, valued at approximately $1,315,000.

A number of other large investors also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $34,000. Mather Group LLC. bought a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $45,000. Ulland Investment Advisors LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Keurig Dr Pepper by 79.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after purchasing an additional 715 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group dropped their price objective 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. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price target for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. TD Cowen increased their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Barclays boosted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, UBS Group upped their price objective 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 given a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded down $0.06 during mid-day 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. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.00. 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 firm has a market capitalization of $44.27 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.47 and a beta of 0.62. The firm’s 50 day moving average is $33.96 and its 200 day moving average is $32.11.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.63%. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Insider Activity at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a filing with the SEC, which is available through this link. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,520 shares of company stock valued at $2,750,739. 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.