Capital Group Private Client Services Inc. Decreases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Capital Group Private Client Services Inc. trimmed its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 603,096 shares of the company's stock after selling 10,377 shares during the period. Capital Group Private Client Services Inc.'s holdings in Keurig Dr Pepper were worth $19,371,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Capital International Sarl increased its position in shares of Keurig Dr Pepper by 17.5% during the fourth quarter. Capital International Sarl now owns 123,038 shares of the company's stock valued at $3,952,000 after acquiring an additional 18,292 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Keurig Dr Pepper by 9.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,311,782 shares of the company's stock worth $42,111,000 after purchasing an additional 116,573 shares during the period. United Capital Financial Advisors LLC increased its holdings in Keurig Dr Pepper by 16.8% in the 4th quarter. United Capital Financial Advisors LLC now owns 15,956 shares of the company's stock valued at $512,000 after purchasing an additional 2,294 shares during the last quarter. Gabelli Funds LLC raised its position in Keurig Dr Pepper by 3.2% in the fourth quarter. Gabelli Funds LLC now owns 143,500 shares of the company's stock valued at $4,609,000 after purchasing an additional 4,500 shares during the period. Finally, Jump Financial LLC lifted its stake in Keurig Dr Pepper by 463.7% during the fourth quarter. Jump Financial LLC now owns 226,739 shares of the company's stock worth $7,283,000 after purchasing an additional 186,513 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 1.6 %

Shares of NASDAQ:KDP traded down $0.56 during trading on Thursday, hitting $34.64. 6,241,710 shares of the company were exchanged, compared to its average volume of 10,012,082. The firm's 50 day moving average price is $34.03 and its 200-day moving average price is $33.25. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market capitalization of $46.99 billion, a P/E ratio of 20.99, a PEG ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KDP shares. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Argus began coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. UBS Group boosted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $39.21.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was 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 owns 74,587 shares of the company's stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,421,350 shares of company stock worth $2,757,137,010 in the last quarter. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Company 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.