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

Townsquare Capital LLC increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,734 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Townsquare Capital LLC’s holdings in Keurig Dr Pepper were worth $505,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in shares of Keurig Dr Pepper by 15.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,577 shares of the company’s stock valued at $403,000 after purchasing an additional 1,707 shares in the last quarter. Quinn Opportunity Partners LLC raised its stake in Keurig Dr Pepper by 36.6% during the fourth quarter. Quinn Opportunity Partners LLC now owns 145,500 shares of the company’s stock valued at $4,673,000 after buying an additional 39,000 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Keurig Dr Pepper by 10.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 542,554 shares of the company’s stock worth $17,427,000 after buying an additional 52,280 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Keurig Dr Pepper by 14.2% in the 4th quarter. Bessemer Group Inc. now owns 11,100 shares of the company’s stock worth $356,000 after acquiring an additional 1,378 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Keurig Dr Pepper by 205.4% in the 4th quarter. APG Asset Management N.V. now owns 865,200 shares of the company’s stock valued at $26,837,000 after acquiring an additional 581,900 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 0.9 %

KDP opened at $35.41 on Friday. The stock’s fifty day moving average is $33.82 and its 200-day moving average is $33.25. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a market capitalization of $48.04 billion, a PE ratio of 21.46, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $4.07 billion during 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%. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling at Keurig Dr Pepper

In other news, 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 value of $251,149.50. Following the transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the sale, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. This represents a 7.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on KDP. UBS Group boosted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler upgraded shares of 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 research note on Wednesday, April 9th. Argus started coverage on Keurig Dr Pepper in a report on Wednesday. They set a “buy” rating and a $40.00 target price for the company. TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.