Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,608,629 shares of the company's stock after acquiring an additional 601,080 shares during the period. Charles Schwab Investment Management Inc. owned 0.49% of Keurig Dr Pepper worth $212,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper during the third quarter valued at approximately $35,000. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth approximately $37,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the third quarter worth $61,000. Finally, Catalyst Capital Advisors LLC increased its stake in shares of Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock worth $75,000 after purchasing an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In other news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,385,350 shares of company stock worth $2,755,891,890 in the last three months. 1.00% of the stock is owned by company insiders.

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Keurig Dr Pepper Price Performance

KDP traded down $0.80 on Monday, reaching $32.54. 21,285,784 shares of the company's stock were exchanged, compared to its average volume of 9,206,428. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28. The stock has a market cap of $44.15 billion, a PE ratio of 19.72, a P/E/G ratio of 2.42 and a beta of 0.62. 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 stock's fifty day moving average price is $32.05 and its 200-day moving average price is $33.84.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company 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 2.83%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley increased their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a "neutral" rating and a $35.00 target price for the company. Finally, TD Cowen reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $38.23.

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.