Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Fmr LLC

FMR LLC cut its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,983,243 shares of the company's stock after selling 2,199,901 shares during the quarter. FMR LLC owned about 7.37% of Keurig Dr Pepper worth $3,211,462,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. New Age Alpha Advisors LLC raised its holdings in 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 last quarter. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $35,000. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $42,000. Finally, Brooklyn Investment Group raised its position in Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after acquiring an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 1.4 %

Shares of KDP stock traded up $0.50 on Friday, reaching $35.25. 3,556,903 shares of the stock were exchanged, compared to its average volume of 9,889,050. 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 $47.83 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The firm has a 50 day moving average of $33.31 and a two-hundred day moving average of $33.34. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.61%. Keurig Dr Pepper's payout ratio is 87.62%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $35.00 to $40.00 in a research note on Wednesday. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.77.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 84,409,350 shares of company stock valued at $2,756,709,930 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper 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.