NFJ Investment Group LLC Has $19.74 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

NFJ Investment Group LLC trimmed its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 614,469 shares of the company's stock after selling 8,403 shares during the period. NFJ Investment Group LLC's holdings in Keurig Dr Pepper were worth $19,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Townsquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after buying an additional 327 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock worth $893,000 after purchasing an additional 342 shares in the last quarter. Barden Capital Management Inc. raised its position in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after purchasing an additional 353 shares during the last quarter. Custom Index Systems LLC grew its holdings in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after purchasing an additional 357 shares during the last quarter. Finally, First Hawaiian Bank boosted its position in Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock worth $250,000 after buying an additional 384 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the transaction, the insider now owns 154,511 shares of the company's stock, valued at $5,499,046.49. This trade represents a 7.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Down 0.5 %

Shares of KDP traded down $0.19 during mid-day trading on Monday, reaching $35.21. The company's stock had a trading volume of 2,892,475 shares, compared to its average volume of 9,926,785. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company's 50 day moving average is $33.82 and its 200 day moving average is $33.23. The stock has a market cap of $47.77 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

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, beating analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion for 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 firm's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders 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 dividend yield of 2.61%. Keurig Dr Pepper's dividend payout ratio is presently 87.62%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KDP shares. TD Cowen reduced 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 research report on Wednesday, January 8th. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price on the stock. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. UBS Group lifted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $39.21.

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.