New York Life Investment Management LLC Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

New York Life Investment Management LLC lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,934 shares of the company's stock after purchasing an additional 9,503 shares during the quarter. New York Life Investment Management LLC's holdings in Keurig Dr Pepper were worth $5,330,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $37,000. Oregon Public Employees Retirement Fund increased its position in shares of Keurig Dr Pepper by 6.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 96,549 shares of the company's stock valued at $3,101,000 after buying an additional 6,054 shares in the last quarter. Advisor OS LLC raised its stake in shares of Keurig Dr Pepper by 21.8% during the 4th quarter. Advisor OS LLC now owns 24,630 shares of the company's stock worth $791,000 after buying an additional 4,410 shares during the last quarter. Denali Advisors LLC boosted its position in shares of Keurig Dr Pepper by 1.2% in the 4th quarter. Denali Advisors LLC now owns 35,087 shares of the company's stock worth $1,127,000 after buying an additional 406 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Keurig Dr Pepper by 22.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 584,786 shares of the company's stock valued at $18,783,000 after acquiring an additional 108,030 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's 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 owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 1.1 %

Shares of KDP stock traded down $0.37 on Tuesday, reaching $33.77. 6,860,595 shares of the stock were exchanged, compared to its average volume of 9,158,169. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market cap of $45.81 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The firm has a 50 day moving average of $31.97 and a two-hundred day moving average of $33.90. Keurig Dr Pepper Inc. has a 1-year low of $28.62 and a 1-year high of $38.28.

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

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. Keurig Dr Pepper's payout ratio is 87.62%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, TD Cowen reduced their price objective 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.23.

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.