Aviva PLC Has $22.24 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Aviva PLC reduced its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692,463 shares of the company's stock after selling 332,710 shares during the quarter. Aviva PLC owned 0.05% of Keurig Dr Pepper worth $22,242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. Dynamic Technology Lab Private Ltd bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $1,203,000. Resona Asset Management Co. Ltd. bought a new position in Keurig Dr Pepper in the 4th quarter valued at $13,385,000. Landscape Capital Management L.L.C. acquired a new position in Keurig Dr Pepper in the fourth quarter worth $1,335,000. Pitcairn Co. boosted its stake in Keurig Dr Pepper by 9.5% in the fourth quarter. Pitcairn Co. now owns 56,573 shares of the company's stock worth $1,817,000 after purchasing an additional 4,909 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in Keurig Dr Pepper by 11.7% in the 4th quarter. Westpac Banking Corp now owns 20,090 shares of the company's stock valued at $645,000 after buying an additional 2,111 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The stock was 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 approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 directly owns 166,511 shares of the company's stock, valued at $5,791,252.58. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,409,350 shares of company stock worth $2,756,709,930 over the last 90 days. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group reissued a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen cut 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. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus target price of $38.77.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded up $0.50 on Friday, reaching $35.25. 2,790,482 shares of the company's stock were exchanged, compared to its average volume of 9,885,591. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a fifty day moving average of $33.31 and a 200-day moving average of $33.34. The company has a market capitalization of $47.82 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (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 business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same period last year, the firm posted $0.55 earnings per share. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal 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 $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, March 28th. 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.