Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 113.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,622,670 shares of the company’s stock after purchasing an additional 3,519,353 shares during the period. Bank of America Corp DE owned about 0.47% of Keurig Dr Pepper worth $250,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Unison Advisors LLC increased its position in Keurig Dr Pepper by 0.5% in the 1st quarter. Unison Advisors LLC now owns 56,622 shares of the company’s stock valued at $2,157,000 after acquiring an additional 284 shares during the period. Allianz Asset Management GmbH increased its position in Keurig Dr Pepper by 1.1% in the 4th quarter. Allianz Asset Management GmbH now owns 30,327 shares of the company’s stock valued at $1,118,000 after acquiring an additional 327 shares during the period. Xponance Inc. increased its position in Keurig Dr Pepper by 5.0% in the 1st quarter. Xponance Inc. now owns 7,978 shares of the company’s stock valued at $302,000 after acquiring an additional 382 shares during the period. Redpoint Investment Management Pty Ltd increased its position in Keurig Dr Pepper by 2.7% in the 1st quarter. Redpoint Investment Management Pty Ltd now owns 14,999 shares of the company’s stock valued at $568,000 after acquiring an additional 391 shares during the period. Finally, Marco Investment Management LLC increased its position in Keurig Dr Pepper by 1.9% in the 1st quarter. Marco Investment Management LLC now owns 21,000 shares of the company’s stock valued at $796,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 52.29% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other news, insider Herbert Derek Hopkins sold 37,500 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $35.55, for a total transaction of $1,333,125.00. Following the sale, the insider now owns 174,610 shares of the company’s stock, valued at approximately $6,207,385.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Herbert Derek Hopkins sold 37,500 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $35.55, for a total transaction of $1,333,125.00. Following the sale, the insider now owns 174,610 shares of the company’s stock, valued at approximately $6,207,385.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maurice Anthony Milikin purchased 12,979 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The shares were purchased at an average cost of $35.75 per share, for a total transaction of $463,999.25. Following the purchase, the insider now directly owns 12,979 shares in the company, valued at $463,999.25. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 129,797 shares of company stock valued at $4,895,432 and have sold 316,000 shares valued at $12,102,475. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $37.43 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $38.78 and its two-hundred day moving average is $36.82. Keurig Dr Pepper Inc. has a 12-month low of $32.44 and a 12-month high of $41.31. The stock has a market capitalization of $53.00 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 3.15 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Keurig Dr Pepper had a return on equity of 9.15% and a net margin of 16.39%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper Inc. will post 1.69 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.20 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.14%. Keurig Dr Pepper’s payout ratio is 49.34%.

Analyst Ratings Changes

KDP has been the topic of several recent research reports. UBS Group boosted their price target on Keurig Dr Pepper from $38.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 1st. StockNews.com upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Finally, JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $44.00 to $42.00 in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

About Keurig Dr Pepper

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Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. 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.

See Also

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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