Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,335 shares of the company's stock after selling 19,926 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Keurig Dr Pepper were worth $1,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at $37,000. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at $61,000. R Squared Ltd purchased a new position in Keurig Dr Pepper during the 4th quarter worth $70,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $77,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

KDP traded up $0.30 during midday trading on Monday, reaching $33.85. 16,186,413 shares of the company's stock were exchanged, compared to its average volume of 9,170,420. Keurig Dr Pepper Inc. has a 1-year low of $29.86 and a 1-year high of $38.28. The stock has a market capitalization of $45.93 billion, a PE ratio of 20.52, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business's 50-day moving average price is $32.44 and its 200 day moving average price is $33.63.

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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, 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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Keurig Dr Pepper's revenue was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 dividend on an annualized basis and a yield of 2.72%. Keurig Dr Pepper's dividend payout ratio (DPR) is 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the transaction, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,397,350 shares of company stock worth $2,756,292,570. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on KDP shares. JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. 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. Morgan Stanley lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.23.

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.