Ossiam Sells 10,072 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Ossiam lessened its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,816 shares of the company's stock after selling 10,072 shares during the period. Ossiam's holdings in Keurig Dr Pepper were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. 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 buying an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper in the 4th quarter valued at about $42,000. Brooklyn Investment Group grew its position in shares of Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after purchasing an additional 554 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $70,000. 93.99% of the stock is owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, 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. Insiders sold a total of 84,421,350 shares of company stock valued at $2,757,137,010 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent analyst reports. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the company from $36.00 to $42.00 in a research report on Friday. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. UBS Group boosted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted 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. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.40.

Keurig Dr Pepper Stock Down 0.2 %

KDP stock traded down $0.06 during trading on Friday, reaching $34.40. 9,609,381 shares of the stock were exchanged, compared to its average volume of 10,040,540. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The firm's 50 day moving average is $34.09 and its 200 day moving average is $33.24. The firm has a market cap of $46.67 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.67%. Keurig Dr Pepper's payout ratio is 83.64%.

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.