Bahl & Gaynor Inc. Sells 163,527 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bahl & Gaynor Inc. trimmed its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,142,883 shares of the company's stock after selling 163,527 shares during the quarter. Bahl & Gaynor Inc. owned 0.31% of Keurig Dr Pepper worth $133,069,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper in the third quarter valued at about $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper in the third quarter worth $61,000. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper in the fourth quarter worth $70,000. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KDP. Piper Sandler assumed coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a "neutral" rating and a $35.00 price target for the company. Morgan Stanley increased their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report 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, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.23.

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Keurig Dr Pepper Price Performance

Shares of KDP stock traded down $0.19 on Friday, reaching $33.34. The company's stock had a trading volume of 11,650,279 shares, compared to its average volume of 9,155,637. The company has a market capitalization of $45.23 billion, a P/E ratio of 20.21, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 12-month low of $28.62 and a 12-month high of $38.28. The stock's 50 day simple moving average is $32.03 and its 200-day simple moving average is $33.89. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.76%. Keurig Dr Pepper's dividend payout ratio is presently 87.62%.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value 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 approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction on 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 completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,385,350 shares of company stock valued at $2,755,891,890 over the last 90 days. 1.00% of the stock is owned by insiders.

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.