Groupama Asset Managment Acquires New Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Groupama Asset Managment bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,950 shares of the company's stock, valued at approximately $478,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Keurig Dr Pepper by 65.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after buying an additional 8,363,192 shares during the last quarter. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $197,819,000. Wellington Management Group LLP raised its stake in Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares during the last quarter. Finally, State Street Corp raised its stake in Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company's stock worth $1,908,289,000 after acquiring an additional 4,970,467 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 Price Performance

NASDAQ KDP traded up $1.12 on Wednesday, hitting $34.69. The company had a trading volume of 20,184,437 shares, compared to its average volume of 9,886,620. 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 company has a market capitalization of $47.07 billion, a PE ratio of 21.02, a PEG ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company's fifty day moving average price is $33.27 and its 200-day moving average price is $33.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.65%. Keurig Dr Pepper's payout ratio is 87.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. 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. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.77.

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.