Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 444,648 shares of the company's stock after purchasing an additional 17,649 shares during the period. Royal London Asset Management Ltd.'s holdings in Keurig Dr Pepper were worth $16,665,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. CX Institutional boosted its holdings in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. CX Institutional now owns 8,129 shares of the company's stock worth $305,000 after purchasing an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Keurig Dr Pepper by 3.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company's stock worth $320,000 after buying an additional 300 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after buying an additional 301 shares during the period. Federated Hermes Inc. increased its position in Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company's stock valued at $59,000 after acquiring an additional 314 shares during the last quarter. Finally, Mather Group LLC. raised its stake in shares of Keurig Dr Pepper by 29.0% in the second quarter. Mather Group LLC. now owns 1,742 shares of the company's stock valued at $53,000 after acquiring an additional 392 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Down 0.8 %

Shares of KDP stock traded down $0.26 during trading hours on Friday, reaching $32.72. 9,582,685 shares of the company's stock were exchanged, compared to its average volume of 9,332,638. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The stock's fifty day moving average price is $34.22 and its two-hundred day moving average price is $34.62. The stock has a market cap of $44.38 billion, a PE ratio of 19.83, a PEG ratio of 2.52 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the prior year, the company earned $0.48 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. Research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Keurig Dr Pepper's previous quarterly dividend of $0.22. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Analyst Ratings Changes

A number of research analysts have recently commented on KDP shares. TD Cowen upped their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, September 26th. Jefferies Financial Group cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Citigroup decreased their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Wells Fargo & Company cut their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.36.

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.