Caxton Associates LLP Buys Shares of 39,992 Keurig Dr Pepper, Inc $KDP

Caxton Associates LLP bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,992 shares of the company’s stock, valued at approximately $1,053,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sei Investments Co. lifted its stake in shares of Keurig Dr Pepper by 76.0% during the 1st quarter. Sei Investments Co. now owns 2,777,757 shares of the company’s stock worth $73,138,000 after acquiring an additional 1,199,521 shares during the last quarter. Alpha Family Trust bought a new position in Keurig Dr Pepper in the 1st quarter valued at $216,000. CI Investments Inc. grew its position in Keurig Dr Pepper by 17.0% in the 1st quarter. CI Investments Inc. now owns 9,037 shares of the company’s stock valued at $238,000 after acquiring an additional 1,316 shares during the last quarter. First Trust Advisors LP increased its stake in Keurig Dr Pepper by 2.7% in the first quarter. First Trust Advisors LP now owns 2,115,514 shares of the company’s stock worth $55,701,000 after purchasing an additional 54,767 shares during the period. Finally, Chase Investment Counsel Corp purchased a new stake in Keurig Dr Pepper in the first quarter worth $231,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $29.68 on Monday. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The company has a market capitalization of $40.38 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.36 and a beta of 0.40. The company’s 50-day simple moving average is $30.89 and its two-hundred day simple moving average is $28.92.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s payout ratio is 68.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KDP shares. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.40.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.