Empirical Finance LLC Has $674,000 Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Empirical Finance LLC boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,704 shares of the company’s stock after purchasing an additional 1,054 shares during the quarter. Empirical Finance LLC’s holdings in Keurig Dr Pepper were worth $674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its holdings in Keurig Dr Pepper by 51.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company’s stock valued at $1,154,000 after purchasing an additional 11,435 shares during the last quarter. Praxis Investment Management Inc. increased its holdings in shares of Keurig Dr Pepper by 112.2% in the first quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company’s stock worth $672,000 after acquiring an additional 10,380 shares in the last quarter. Aspire Private Capital LLC bought a new stake in shares of Keurig Dr Pepper in the first quarter worth about $1,177,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Keurig Dr Pepper by 656.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company’s stock worth $7,034,000 after acquiring an additional 178,368 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Keurig Dr Pepper by 13.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company’s stock worth $96,609,000 after acquiring an additional 339,530 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 208,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $34.12, for a total value of $7,096,960.00. Following the completion of the sale, the director directly owned 2,846,490 shares of the company’s stock, valued at $97,122,238.80. This trade represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Angela A. Stephens sold 14,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 directly owned 62,411 shares of the company’s stock, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 490,500 shares of company stock valued at $16,493,880. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KDP has been the subject of several recent analyst reports. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. UBS Group lowered their price target on Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, Argus initiated coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.77.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $32.97 on Tuesday. The stock has a 50 day moving average price of $33.25 and a 200 day moving average price of $33.30. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The stock has a market capitalization of $44.78 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.79%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 82.14%.

Keurig Dr Pepper 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.