Keurig Dr Pepper Inc. (NASDAQ:KDP) Stake Lowered by Prudential PLC

Prudential PLC lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,224 shares of the company's stock after selling 11,458 shares during the period. Prudential PLC's holdings in Keurig Dr Pepper were worth $14,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Landscape Capital Management L.L.C. purchased a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $1,335,000. Pitcairn Co. lifted its position in Keurig Dr Pepper by 9.5% in the fourth quarter. Pitcairn Co. now owns 56,573 shares of the company's stock valued at $1,817,000 after acquiring an additional 4,909 shares during the last quarter. Westpac Banking Corp boosted its stake in Keurig Dr Pepper by 11.7% in the fourth quarter. Westpac Banking Corp now owns 20,090 shares of the company's stock valued at $645,000 after acquiring an additional 2,111 shares in the last quarter. Bryce Point Capital LLC purchased a new position in Keurig Dr Pepper during the 4th quarter worth approximately $1,907,000. Finally, DLD Asset Management LP acquired a new position in Keurig Dr Pepper in the fourth quarter valued at $7,227,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.05 on Thursday, reaching $34.74. 4,402,684 shares of the company were exchanged, compared to its average volume of 9,866,962. The firm has a market cap of $47.13 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.42 and a beta of 0.54. The company's 50-day moving average is $33.27 and its two-hundred day moving average is $33.36. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. TD Cowen reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.77.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm'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 completion of the transaction, the insider now directly owns 166,511 shares of the company's stock, valued at $5,791,252.58. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,409,350 shares of company stock valued at $2,756,709,930. 1.00% of the stock is owned by corporate insiders.

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.