Franklin Resources Inc. Has $22.81 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Franklin Resources Inc. boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 710,122 shares of the company's stock after buying an additional 87,870 shares during the quarter. Franklin Resources Inc. owned 0.05% of Keurig Dr Pepper worth $22,809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Perigon Wealth Management LLC grew its stake in Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after acquiring an additional 342 shares in the last quarter. Barden Capital Management Inc. grew its position in Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after purchasing an additional 353 shares in the last quarter. Custom Index Systems LLC increased its stake in Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after buying an additional 357 shares during the period. First Hawaiian Bank increased its stake in Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after buying an additional 384 shares during the period. Finally, New Age Alpha Advisors LLC lifted its position in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP stock traded up $0.41 during mid-day trading on Friday, reaching $35.16. 11,236,316 shares of the stock traded hands, compared to its average volume of 9,930,298. 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 has a 50-day moving average of $33.39 and a two-hundred day moving average of $33.32. The firm has a market capitalization of $47.70 billion, a PE ratio of 21.31, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its 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. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm posted $0.55 EPS. The company's revenue was up 5.2% on a year-over-year basis. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business 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 dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper's payout ratio is currently 87.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. TD Cowen dropped their target price on 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. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. Finally, UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.77.

Insider Activity

In other news, Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total transaction of $417,360.00. Following the completion of the sale, the insider now directly owns 166,511 shares in the company, valued at approximately $5,791,252.58. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,409,350 shares of company stock valued at $2,756,709,930. Insiders own 1.00% of the company's stock.

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.