Legal & General Group Plc reduced its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,355,267 shares of the company's stock after selling 1,900,601 shares during the quarter. Legal & General Group Plc owned about 0.54% of Keurig Dr Pepper worth $236,251,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Perigon Wealth Management LLC increased its stake in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after buying an additional 342 shares during the period. Barden Capital Management Inc. grew its holdings in Keurig Dr Pepper by 0.9% during the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after acquiring an additional 353 shares in the last quarter. Custom Index Systems LLC increased its position in Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after purchasing an additional 357 shares during the period. First Hawaiian Bank raised its holdings in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after purchasing an additional 384 shares in the last quarter. Finally, New Age Alpha Advisors LLC lifted its position in shares of Keurig Dr Pepper by 82.8% in the 4th 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 period. 93.99% of the stock is owned by institutional investors.
Analysts Set New Price Targets
KDP has been the topic of several research reports. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. TD Cowen dropped their price objective 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. Finally, UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $38.77.
Check Out Our Latest Research Report on KDP
Insider Activity
In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % 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, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930. Company insiders own 1.00% of the company's stock.
Keurig Dr Pepper Stock Performance
Shares of Keurig Dr Pepper stock traded up $0.36 during midday trading on Monday, hitting $35.52. The company had a trading volume of 3,189,199 shares, compared to its average volume of 9,906,681. The stock has a market cap of $48.19 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. 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 company has a fifty day simple moving average of $33.39 and a 200 day simple moving average of $33.29.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.59%. Keurig Dr Pepper's payout ratio is presently 87.62%.
About Keurig Dr Pepper
(
Free Report)
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.
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