Wellington Management Group LLP Raises Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wellington Management Group LLP boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 60,602,781 shares of the company's stock after acquiring an additional 5,646,179 shares during the quarter. Wellington Management Group LLP owned about 4.47% of Keurig Dr Pepper worth $1,946,561,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the period. LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the 3rd quarter valued at approximately $35,000. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $37,000. Brooklyn Investment Group boosted its holdings in shares of Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after acquiring an additional 554 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $70,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded down $1.82 during trading on Friday, hitting $33.81. The company had a trading volume of 16,131,885 shares, compared to its average volume of 9,742,775. The firm has a market capitalization of $45.87 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The stock has a fifty day simple moving average of $33.05 and a two-hundred day simple moving average of $33.48. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The company also recently declared 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. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now directly owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction that occurred 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 of the company's stock, 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. In the last 90 days, insiders have sold 84,409,350 shares of company stock worth $2,756,709,930. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on KDP shares. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. TD Cowen dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

About Keurig Dr Pepper

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.