Oak Thistle LLC Acquires 19,202 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Oak Thistle LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 233.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,412 shares of the company’s stock after purchasing an additional 19,202 shares during the period. Oak Thistle LLC’s holdings in Keurig Dr Pepper were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in KDP. Ashton Thomas Securities LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the third quarter worth $35,000. Hexagon Capital Partners LLC raised its position in Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares in the last quarter. Federated Hermes Inc. lifted its stake in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after acquiring an additional 314 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $61,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $30.97 on Thursday. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The company’s 50 day moving average price is $32.38 and its two-hundred day moving average price is $34.23. The firm has a market cap of $42.01 billion, a PE ratio of 18.77, a PEG ratio of 2.59 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.97%. Keurig Dr Pepper’s dividend payout ratio is 55.76%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KDP shares. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. TD Cowen cut 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. Piper Sandler began coverage on Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price for the company. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $37.93.

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.