National Pension Service Has $53.81 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Pension Service reduced its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,675,265 shares of the company's stock after selling 32,867 shares during the quarter. National Pension Service owned 0.12% of Keurig Dr Pepper worth $53,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KDP. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $35,000. Brooklyn Investment Group bought a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $61,000. R Squared Ltd purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $70,000. Finally, Catalyst Capital Advisors LLC increased its position in Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock worth $75,000 after purchasing an additional 684 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KDP has been the subject of several recent analyst reports. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday. Finally, 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.23.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.61 during midday trading on Monday, hitting $34.13. The company had a trading volume of 22,250,280 shares, compared to its average volume of 9,168,617. Keurig Dr Pepper Inc. has a 1-year low of $28.62 and a 1-year high of $38.28. The stock has a market cap of $46.31 billion, a PE ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61. 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 simple moving average is $31.93 and its two-hundred day simple moving average is $33.91.

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

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. Keurig Dr Pepper's dividend payout ratio is 87.62%.

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.