Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Amundi

Amundi grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,088,855 shares of the company's stock after acquiring an additional 593,189 shares during the period. Amundi owned about 0.30% of Keurig Dr Pepper worth $127,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in shares of Keurig Dr Pepper by 11.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 81,567 shares of the company's stock valued at $3,057,000 after buying an additional 8,624 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in shares of Keurig Dr Pepper by 67.2% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 14,405 shares of the company's stock valued at $540,000 after buying an additional 5,789 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Keurig Dr Pepper by 1.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the company's stock valued at $1,415,000 after buying an additional 425 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $25,000. Finally, Apollon Wealth Management LLC lifted its stake in shares of Keurig Dr Pepper by 15.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 19,171 shares of the company's stock valued at $719,000 after buying an additional 2,562 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

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Analysts Set New Price Targets

KDP has been the topic of several research analyst reports. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $35.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Finally, Morgan Stanley boosted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.23.

Insider Activity

In related news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company's stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. The trade was a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Trading Up 0.9 %

NASDAQ:KDP traded up $0.30 during mid-day trading on Thursday, hitting $33.11. 12,554,859 shares of the stock traded hands, compared to its average volume of 9,239,882. The stock has a market capitalization of $44.92 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52 week low of $28.62 and a 52 week high of $38.28. The firm's 50 day moving average is $32.13 and its two-hundred day moving average is $33.79. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

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

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.78%. Keurig Dr Pepper's dividend payout ratio is presently 87.62%.

Keurig Dr Pepper Company 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.