Hsbc Holdings PLC Acquires 284,397 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Hsbc Holdings PLC boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,313,747 shares of the company's stock after buying an additional 284,397 shares during the quarter. Hsbc Holdings PLC owned 0.17% of Keurig Dr Pepper worth $74,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arvest Bank Trust Division bought a new position in Keurig Dr Pepper during the 3rd quarter valued at $1,858,000. Wilmington Savings Fund Society FSB grew its stake in Keurig Dr Pepper by 441.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company's stock worth $3,559,000 after purchasing an additional 77,414 shares in the last quarter. Tidal Investments LLC increased its holdings in Keurig Dr Pepper by 26.5% in the third quarter. Tidal Investments LLC now owns 237,887 shares of the company's stock valued at $8,916,000 after buying an additional 49,865 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new stake in Keurig Dr Pepper during the third quarter valued at approximately $338,000. Finally, Franklin Resources Inc. lifted its holdings in Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after buying an additional 41,466 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Keurig Dr Pepper Stock Down 1.0 %

Shares of NASDAQ:KDP traded down $0.36 during midday trading on Monday, hitting $34.04. 12,464,094 shares of the stock were exchanged, compared to its average volume of 10,033,605. 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 Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The business's fifty day simple moving average is $34.13 and its two-hundred day simple moving average is $33.18. The company has a market capitalization of $46.18 billion, a PE ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. As a group, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's payout ratio is 83.64%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KDP shares. TD Cowen dropped their price target 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. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a report on Friday. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.33.

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.