APG Asset Management N.V. Increases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

APG Asset Management N.V. boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 205.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 865,200 shares of the company's stock after buying an additional 581,900 shares during the quarter. APG Asset Management N.V. owned approximately 0.06% of Keurig Dr Pepper worth $26,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after purchasing an additional 8,363,192 shares during the last quarter. Norges Bank purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $197,819,000. Wellington Management Group LLP increased its stake in shares of Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Keurig Dr Pepper by 32.3% during the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company's stock valued at $600,189,000 after buying an additional 4,562,128 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

KDP has been the topic of a number of analyst reports. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. TD Cowen reduced their target price on 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 reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.77.

Keurig Dr Pepper Stock Down 0.3 %

Shares of KDP traded down $0.11 during mid-day trading on Tuesday, reaching $35.60. The company had a trading volume of 2,357,859 shares, compared to its average volume of 9,907,967. The firm has a 50-day moving average price of $33.48 and a 200 day moving average price of $33.28. 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 company has a market capitalization of $48.30 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.58%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 87.62%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction 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 directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the transaction, the insider now owns 166,511 shares in the company, valued at approximately $5,791,252.58. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,409,350 shares of company stock valued at $2,756,709,930. Corporate insiders own 1.00% of the company's stock.

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.