Stevens Capital Management LP Buys Shares of 8,460 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Stevens Capital Management LP purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, HoldingsChannel reports. The firm purchased 8,460 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LRI Investments LLC acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $35,000. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter valued at approximately $37,000. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper during the third quarter worth approximately $61,000. R Squared Ltd acquired a new position in Keurig Dr Pepper in the fourth quarter worth approximately $70,000. Finally, Cromwell Holdings LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $77,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 0.9 %

KDP opened at $33.85 on Tuesday. Keurig Dr Pepper Inc. has a twelve month low of $29.86 and a twelve month high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The business has a 50 day moving average price of $32.50 and a 200 day moving average price of $33.61. The firm has a market cap of $45.93 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, Morgan Stanley raised their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the sale, the insider now directly owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,397,350 shares of company stock worth $2,756,292,570. Company 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.