APG Asset Management N.V. Increases Stock Position in Keurig Dr Pepper Inc (NYSE:KDP)

APG Asset Management N.V. boosted its position in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 85.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,803 shares of the company’s stock after purchasing an additional 34,573 shares during the period. APG Asset Management N.V.’s holdings in Keurig Dr Pepper were worth $1,863,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KDP. Signaturefd LLC lifted its holdings in Keurig Dr Pepper by 112.0% in the 1st quarter. Signaturefd LLC now owns 1,338 shares of the company’s stock worth $32,000 after buying an additional 707 shares in the last quarter. Veritas Investment Management LLP acquired a new position in shares of Keurig Dr Pepper in the first quarter worth about $34,000. FDx Advisors Inc. acquired a new position in shares of Keurig Dr Pepper in the first quarter worth about $35,000. Chevy Chase Trust Holdings Inc. purchased a new position in Keurig Dr Pepper in the fourth quarter valued at about $36,000. Finally, Sowell Financial Services LLC grew its stake in Keurig Dr Pepper by 57.1% during the 1st quarter. Sowell Financial Services LLC now owns 1,477 shares of the company’s stock valued at $36,000 after purchasing an additional 537 shares in the last quarter. 22.84% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:KDP opened at $28.30 on Wednesday. Keurig Dr Pepper Inc has a 1 year low of $18.98 and a 1 year high of $32.00. The business has a fifty day moving average of $27.90 and a 200-day moving average of $27.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.33. The stock has a market cap of $39.82 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.77 and a beta of 0.62.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Monday, April 27th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Keurig Dr Pepper had a net margin of 10.51% and a return on equity of 7.71%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $0.25 EPS. Keurig Dr Pepper’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Keurig Dr Pepper Inc will post 1.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, July 1st. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 49.18%.

In related news, Director Robert S. Singer acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $28.14 per share, for a total transaction of $28,140.00. Following the acquisition, the director now owns 65,500 shares in the company, valued at $1,843,170. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings B.V. Jab acquired 7,380,000 shares of Keurig Dr Pepper stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $27.16 per share, with a total value of $200,440,800.00. 0.41% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on KDP shares. SunTrust Banks reiterated a “buy” rating on shares of Keurig Dr Pepper in a research note on Wednesday, April 29th. Goldman Sachs Group reissued a “neutral” rating and set a $25.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, April 1st. ValuEngine raised shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research report on Friday, March 6th. Barclays reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Wednesday, April 29th. Finally, Evercore ISI raised Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Monday, June 1st. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.11.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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

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