Assenagon Asset Management S.A. Purchases 15,178 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Assenagon Asset Management S.A. increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,446 shares of the company’s stock after acquiring an additional 15,178 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Keurig Dr Pepper were worth $3,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KDP. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper in the 3rd quarter valued at $25,000. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $35,000. Hexagon Capital Partners LLC grew 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 buying an additional 530 shares in the last quarter. Federated Hermes Inc. increased its stake in Keurig Dr Pepper by 21.8% during 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 period. Finally, Brooklyn Investment Group acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $61,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their target price for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company cut their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $31.71 on Wednesday. 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 50-day moving average of $32.25 and a 200-day moving average of $34.20. The stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.20 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side 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 firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

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.