Townsquare Capital LLC Grows Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Townsquare Capital LLC boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,734 shares of the company’s stock after purchasing an additional 327 shares during the quarter. Townsquare Capital LLC’s holdings in Keurig Dr Pepper were worth $505,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its position in shares of Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after buying an additional 342 shares in the last quarter. Barden Capital Management Inc. raised its position in Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after acquiring an additional 353 shares during the last quarter. Custom Index Systems LLC lifted its holdings in shares of Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after purchasing an additional 357 shares in the last quarter. First Hawaiian Bank grew its position in shares of Keurig Dr Pepper by 5.2% in the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after purchasing an additional 384 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its stake in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $35.41 on Friday. The stock has a market capitalization of $48.04 billion, a P/E ratio of 21.46, a PEG ratio of 2.42 and a beta of 0.54. 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 business’s fifty day moving average price is $33.82 and its 200 day moving average price is $33.25. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results 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. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The company’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Argus initiated coverage on Keurig Dr Pepper in a report on Wednesday. They set a “buy” rating and a $40.00 target price on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen cut their target price 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. JPMorgan Chase & Co. raised their price target 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. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.21.

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.