Dimensional Fund Advisors LP Increases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Dimensional Fund Advisors LP increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,926,645 shares of the company's stock after acquiring an additional 1,548,622 shares during the period. Dimensional Fund Advisors LP owned approximately 0.73% of Keurig Dr Pepper worth $318,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KDP. New Age Alpha Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the period. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at about $42,000. Brooklyn Investment Group boosted its position in shares of Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after acquiring an additional 554 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $70,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the completion of the sale, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KDP shares. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their target price for the company from $36.00 to $42.00 in a research report on Friday. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday. Argus began coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective on the stock. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, TD Cowen reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.40.

Keurig Dr Pepper Trading Down 0.2 %

Shares of NASDAQ:KDP traded down $0.06 during midday trading on Friday, hitting $34.40. 9,610,834 shares of the stock traded hands, compared to its average volume of 10,022,479. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $34.13 and its two-hundred day moving average is $33.23. The stock has a market capitalization of $46.67 billion, a PE ratio of 20.85, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current 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 $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

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.