86,000 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by Andra AP fonden

Andra AP fonden acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,000 shares of the company's stock, valued at approximately $2,762,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company's stock valued at $3,829,824,000 after buying an additional 9,105,164 shares during the last quarter. State Street Corp increased its holdings in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company's stock valued at $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. National Bank of Canada FI raised its position in Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock valued at $91,908,000 after purchasing an additional 1,956,138 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Keurig Dr Pepper in the fourth quarter valued at $57,995,000. Finally, King Luther Capital Management Corp boosted its stake in shares of Keurig Dr Pepper by 125.5% during the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company's stock valued at $51,679,000 after purchasing an additional 767,298 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,385,350 shares of company stock worth $2,755,891,890 over the last ninety days. Company insiders own 1.00% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently commented on KDP shares. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a "neutral" rating and a $35.00 price objective for the company. Morgan Stanley upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.23.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.65 on Tuesday, reaching $33.19. 8,492,155 shares of the company were exchanged, compared to its average volume of 9,201,288. The business has a 50-day moving average price of $32.06 and a 200 day moving average price of $33.82. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28. The company has a market cap of $45.03 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating 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 company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. Keurig Dr Pepper's quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.77%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 87.62%.

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.