Charles Schwab Investment Management Inc. Purchases 150,202 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Charles Schwab Investment Management Inc. lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,007,549 shares of the company's stock after purchasing an additional 150,202 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.44% of Keurig Dr Pepper worth $225,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Keurig Dr Pepper by 5.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company's stock valued at $574,146,000 after acquiring an additional 730,297 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Keurig Dr Pepper by 2.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company's stock worth $445,648,000 after purchasing an additional 317,837 shares during the period. Legal & General Group Plc boosted its stake in shares of Keurig Dr Pepper by 6.5% during the 2nd quarter. Legal & General Group Plc now owns 9,971,838 shares of the company's stock valued at $333,057,000 after buying an additional 609,857 shares during the period. Bank of New York Mellon Corp grew its stake in Keurig Dr Pepper by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 7,130,632 shares of the company's stock valued at $238,163,000 after purchasing an additional 171,036 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Keurig Dr Pepper by 41.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company's stock worth $212,901,000 after buying an additional 1,878,597 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KDP. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Evercore ISI raised Keurig Dr Pepper to a "hold" rating in a report on Thursday, September 5th. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Finally, Barclays lowered their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Seven research 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.36.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Up 1.3 %

Shares of NASDAQ KDP traded up $0.42 during mid-day trading on Friday, hitting $32.66. The company had a trading volume of 12,793,923 shares, compared to its average volume of 14,933,858. The firm has a 50-day simple moving average of $35.20 and a two-hundred day simple moving average of $34.72. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $44.30 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. On average, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.82%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.76%.

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.