AJOVista LLC Invests $169,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

AJOVista LLC purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,086 shares of the company’s stock, valued at approximately $169,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. OFI Invest Asset Management purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Keurig Dr Pepper in the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $34,000. Ulland Investment Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $50,000. Finally, Operose Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 28.7% in the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after purchasing an additional 373 shares during the period. 85.23% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Up 0.8 %

Shares of KDP traded up $0.27 during trading on Friday, reaching $33.83. 7,463,504 shares of the company traded hands, compared to its average volume of 8,455,814. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $34.65. The stock has a 50-day simple moving average of $30.68 and a 200-day simple moving average of $31.24. The stock has a market cap of $45.86 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the prior year, the company earned $0.34 EPS. Keurig Dr Pepper’s revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.54%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Insider Activity at Keurig Dr Pepper

In related news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the sale, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,085,652 shares of company stock worth $2,892,832,080. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent research reports. Royal Bank of Canada decreased their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Wedbush cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Morgan Stanley cut their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. TD Cowen increased their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Barclays raised their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.64.

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.