Landscape Capital Management L.L.C. Acquires Shares of 41,565 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Landscape Capital Management L.L.C. acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,565 shares of the company's stock, valued at approximately $1,335,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP increased its holdings in Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the period. State Street Corp raised its position in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company's stock worth $1,908,289,000 after buying an additional 4,970,467 shares during the last quarter. Geode Capital Management LLC lifted its stake in Keurig Dr Pepper by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after acquiring an additional 1,962,195 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after acquiring an additional 8,363,192 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 0.2 %

Shares of Keurig Dr Pepper stock traded up $0.07 during trading hours on Thursday, hitting $34.76. The company's stock had a trading volume of 4,402,684 shares, compared to its average volume of 12,870,167. The firm has a fifty day moving average of $33.27 and a 200-day moving average of $33.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market cap of $47.16 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share 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 net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KDP. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $38.00 to $40.00 in a research report 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 report on Wednesday, January 8th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $35.00 to $40.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $38.77.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The shares were 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 owns 74,587 shares of the company's stock, valued at approximately $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. Over 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 currently owned by corporate insiders.

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.