Xponance Inc. Buys 16,058 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Xponance Inc. increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.9% in the 4th quarter, Holdings Channel reports. The fund owned 163,618 shares of the company’s stock after buying an additional 16,058 shares during the quarter. Xponance Inc.’s holdings in Keurig Dr Pepper were worth $5,255,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Generali Asset Management SPA SGR bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $2,839,000. Horizon Investments LLC increased its stake in shares of Keurig Dr Pepper by 2.3% in the 4th quarter. Horizon Investments LLC now owns 18,216 shares of the company’s stock worth $581,000 after acquiring an additional 411 shares in the last quarter. PDS Planning Inc increased its stake in shares of Keurig Dr Pepper by 6.9% in the 4th quarter. PDS Planning Inc now owns 6,469 shares of the company’s stock worth $208,000 after acquiring an additional 415 shares in the last quarter. Cibc World Markets Corp increased its stake in shares of Keurig Dr Pepper by 20.8% in the 4th quarter. Cibc World Markets Corp now owns 472,981 shares of the company’s stock worth $15,192,000 after acquiring an additional 81,302 shares in the last quarter. Finally, GWN Securities Inc. bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $843,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

KDP opened at $33.47 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $45.41 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.42 and a beta of 0.62. The company’s 50 day moving average is $32.33 and its 200 day moving average is $33.70. Keurig Dr Pepper Inc. has a 12-month low of $29.29 and a 12-month high of $38.28.

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 analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $4.07 billion for 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%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Insider Buying and Selling

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred 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 directly owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

KDP has been the subject of several research reports. TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Keurig Dr Pepper Company Profile

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.