Kayne Anderson Rudnick Investment Management LLC Sells 9,059 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,128 shares of the company's stock after selling 9,059 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Keurig Dr Pepper were worth $3,216,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after acquiring an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after purchasing an additional 112,819 shares during the period. Franklin Resources Inc. raised its stake in Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after purchasing an additional 41,466 shares in the last quarter. Swedbank AB lifted its position in Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after purchasing an additional 13,179 shares during the period. Finally, RWC Asset Management LLP grew its stake in Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after buying an additional 398,916 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded down $0.06 during trading hours on Friday, hitting $34.40. The stock had a trading volume of 9,610,834 shares, compared to its average volume of 10,040,544. The firm has a market capitalization of $46.67 billion, a price-to-earnings 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. The company has a 50 day simple moving average of $34.09 and a two-hundred day simple moving average of $33.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced 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 yield of 2.67%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,421,350 shares of company stock worth $2,757,137,010 over the last three months. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday. UBS Group upped their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target 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 upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the company from $36.00 to $42.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.40.

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.