Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 69.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,045 shares of the company's stock after selling 24,609 shares during the period. Gateway Investment Advisers LLC's holdings in Keurig Dr Pepper were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter worth about $35,000. Hexagon Capital Partners LLC raised its holdings in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company's stock valued at $59,000 after buying an additional 314 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at approximately $61,000. Institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 target price on the stock. Barclays lowered their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Citigroup cut their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a report on Friday, October 25th. Six 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, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus price target of $37.50.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.34 on Monday, reaching $31.62. 6,930,293 shares of the company's stock traded hands, compared to its average volume of 7,931,290. The firm has a market cap of $42.89 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.20 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The stock has a 50 day moving average price of $32.28 and a 200-day moving average price of $34.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the business earned $0.48 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.91%. Keurig Dr Pepper's payout ratio is 55.76%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.