Brandywine Global Investment Management LLC Buys Shares of 805,730 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Brandywine Global Investment Management LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 805,730 shares of the company's stock, valued at approximately $25,880,000. Brandywine Global Investment Management LLC owned about 0.06% of Keurig Dr Pepper at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Townsquare Capital LLC raised its holdings in shares of Keurig Dr Pepper by 38.4% during the 3rd quarter. Townsquare Capital LLC now owns 15,407 shares of the company's stock worth $577,000 after acquiring an additional 4,275 shares during the period. Glenmede Trust Co. NA raised its stake in Keurig Dr Pepper by 1.9% during the third quarter. Glenmede Trust Co. NA now owns 28,593 shares of the company's stock worth $1,072,000 after purchasing an additional 524 shares during the period. Captrust Financial Advisors raised its stake in Keurig Dr Pepper by 77.8% during the third quarter. Captrust Financial Advisors now owns 54,941 shares of the company's stock worth $2,059,000 after purchasing an additional 24,034 shares during the period. Erste Asset Management GmbH acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at about $6,066,000. Finally, Atom Investors LP purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $8,328,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Down 5.1 %

Shares of Keurig Dr Pepper stock traded down $1.82 during trading on Friday, hitting $33.81. 16,131,885 shares of the stock were exchanged, compared to its average volume of 9,742,775. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The firm's 50-day moving average price is $33.05 and its 200 day moving average price is $33.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued 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 yield of 2.72%. Keurig Dr Pepper's payout ratio is currently 87.62%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KDP shares. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research report on Thursday, February 27th. TD Cowen cut their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $38.00 to $40.00 in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.38.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the completion of the sale, the insider now directly owns 187,537 shares of the company's stock, valued at approximately $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper 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 transaction, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % 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 worth $2,756,709,930. 1.00% of the stock is currently owned by insiders.

About Keurig Dr Pepper

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.