OFI Invest Asset Management bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,245,330 shares of the company's stock, valued at approximately $38,629,000. Keurig Dr Pepper accounts for about 0.9% of OFI Invest Asset Management's holdings, making the stock its 29th biggest position. OFI Invest Asset Management owned 0.09% of Keurig Dr Pepper as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. FMR LLC increased its position in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company's stock valued at $3,829,824,000 after buying an additional 9,105,164 shares in the last quarter. State Street Corp increased its holdings in shares of Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company's stock worth $1,908,289,000 after acquiring an additional 4,970,467 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Keurig Dr Pepper by 2.7% during the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company's stock worth $841,886,000 after purchasing an additional 591,316 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Keurig Dr Pepper by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company's stock valued at $488,463,000 after purchasing an additional 59,464 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Keurig Dr Pepper by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 7,304,769 shares of the company's stock valued at $234,629,000 after purchasing an additional 342,715 shares in the last quarter. Institutional investors own 93.99% of the company's stock.
Insider Activity at Keurig Dr Pepper
In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. Corporate insiders own 1.00% of the company's stock.
Keurig Dr Pepper Stock Up 1.7 %
KDP traded up $0.54 during trading on Tuesday, reaching $33.08. 6,483,469 shares of the stock were exchanged, compared to its average volume of 9,193,495. 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's 50 day moving average price is $32.06 and its two-hundred day moving average price is $33.82. The stock has a market cap of $44.88 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released 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. The firm 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 company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.
Keurig Dr Pepper Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.
Wall Street Analyst Weigh In
Several analysts have commented on KDP shares. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a "neutral" rating and a $35.00 target price for the company. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Finally, Morgan Stanley upped their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $38.23.
Check Out Our Latest Stock Report on Keurig Dr Pepper
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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