Redwood Investments LLC Invests $13.41 Million in Keurig Dr Pepper Inc (KDP) Stock

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Redwood Investments LLC acquired a new position in shares of Keurig Dr Pepper Inc (NYSE:KDP) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 479,373 shares of the company’s stock, valued at approximately $13,408,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at $388,634,000. Bank of America Corp DE boosted its position in Keurig Dr Pepper by 2,892.9% during the 4th quarter. Bank of America Corp DE now owns 10,570,613 shares of the company’s stock valued at $271,031,000 after acquiring an additional 10,217,429 shares in the last quarter. FMR LLC boosted its position in Keurig Dr Pepper by 39.2% during the 4th quarter. FMR LLC now owns 27,592,939 shares of the company’s stock valued at $707,483,000 after acquiring an additional 7,777,020 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at $135,460,000. Finally, Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $36,626,000. Institutional investors own 12.98% of the company’s stock.

In other Keurig Dr Pepper news, Director Olivier Goudet acquired 20,000 shares of the stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $25.43 per share, with a total value of $508,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Angela A. Stephens acquired 11,535 shares of the stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $25.69 per share, with a total value of $296,334.15. The disclosure for this purchase can be found here. Insiders bought a total of 46,285 shares of company stock valued at $1,199,274 in the last three months. Insiders own 0.44% of the company’s stock.

Shares of Keurig Dr Pepper stock traded up $0.31 during trading on Friday, reaching $28.91. The company’s stock had a trading volume of 23,930 shares, compared to its average volume of 2,403,448. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.32 and a quick ratio of 0.23. The stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.58 and a beta of 0.47. Keurig Dr Pepper Inc has a 1-year low of $20.46 and a 1-year high of $124.36.

Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Keurig Dr Pepper had a return on equity of 8.95% and a net margin of 9.39%. The company’s revenue was up 164.1% compared to the same quarter last year. On average, equities research analysts anticipate that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.08%. Keurig Dr Pepper’s payout ratio is 57.69%.

KDP has been the topic of several recent research reports. Barclays reaffirmed a “buy” rating and set a $31.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, March 19th. ValuEngine raised Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Morgan Stanley cut Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 target price on the stock. in a research report on Thursday, April 11th. Finally, BMO Capital Markets increased their target price on Keurig Dr Pepper from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.32.

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About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

See Also: Cost of Debt

Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper Inc (NYSE:KDP).

Institutional Ownership by Quarter for Keurig Dr Pepper (NYSE:KDP)

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