7,550 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,550 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new stake in Keurig Dr Pepper in the first quarter worth $27,000. New Age Alpha Advisors LLC lifted its stake in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the period. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper in the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper in the fourth quarter worth $42,000. Finally, LRI Investments LLC lifted its stake in Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after acquiring an additional 605 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity

In related news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the sale, the vice president now directly owns 62,411 shares in the company, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the sale, the insider now owns 178,511 shares of the company’s stock, valued at $5,960,482.29. The trade was a 6.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock worth $23,591,400 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Hsbc Global Res upgraded Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.33.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $33.02 on Friday. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business has a fifty day moving average price of $33.90 and a 200-day moving average price of $33.07. The company has a market capitalization of $44.85 billion, a PE ratio of 20.01, a PEG ratio of 2.42 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the company earned $0.38 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. Keurig Dr Pepper’s payout ratio is presently 83.64%.

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.