Allstate Corp Makes New $1.10 Million Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Allstate Corp bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,120 shares of the company's stock, valued at approximately $1,096,000.

A number of other institutional investors have also recently bought and sold shares of KDP. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after buying an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Keurig Dr Pepper by 53.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after acquiring an additional 112,819 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after purchasing an additional 41,466 shares during the period. Swedbank AB increased its position in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after purchasing an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP raised its holdings in Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after buying an additional 398,916 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 5.1 %

Keurig Dr Pepper stock traded down $1.82 during trading hours on Friday, reaching $33.81. 16,131,885 shares of the company's stock traded hands, compared to its average volume of 9,742,775. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The firm's 50 day moving average is $33.05 and its 200-day moving average is $33.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market capitalization of $45.87 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The business's quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is presently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company's stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research reports. TD Cowen cut their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

Keurig Dr Pepper 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.