Alliancebernstein L.P. Sells 166,061 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Alliancebernstein L.P. decreased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,363,687 shares of the company's stock after selling 166,061 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of Keurig Dr Pepper worth $43,802,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KDP. New Age Alpha Advisors LLC raised its stake in shares of Keurig Dr Pepper by 82.8% in 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 last quarter. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the third quarter worth $35,000. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $42,000. Finally, Brooklyn Investment Group raised its stake in shares of Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after purchasing an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total transaction of $417,360.00. Following the transaction, the insider now owns 166,511 shares of the company's stock, valued at approximately $5,791,252.58. This represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,409,350 shares of company stock worth $2,756,709,930 over the last ninety days. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $35.00 to $40.00 in a report on Wednesday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.77.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.07 during mid-day trading on Thursday, reaching $34.76. The stock had a trading volume of 2,346,182 shares, compared to its average volume of 9,857,932. 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 cap of $47.15 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The business's 50 day moving average price is $33.27 and its 200 day moving average price is $33.36.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.65%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 87.62%.

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.