Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lowered its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,896 shares of the company's stock after selling 22,154 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Keurig Dr Pepper were worth $9,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of KDP. FMR LLC increased its stake in Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company's stock worth $3,829,824,000 after acquiring an additional 9,105,164 shares during the last quarter. State Street Corp boosted 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 valued at $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. National Bank of Canada FI increased its stake in shares of Keurig Dr Pepper by 394.3% during the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock valued at $91,908,000 after buying an additional 1,956,138 shares during the period. Armistice Capital LLC raised its holdings in shares of Keurig Dr Pepper by 186.3% in the 2nd quarter. Armistice Capital LLC now owns 1,486,063 shares of the company's stock valued at $49,635,000 after purchasing an additional 966,924 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Keurig Dr Pepper by 5,018.4% in the second quarter. Public Sector Pension Investment Board now owns 839,057 shares of the company's stock worth $28,025,000 after buying an additional 822,664 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded up $0.34 on Friday, reaching $31.62. 6,930,293 shares of the company's stock traded hands, compared to its average volume of 7,931,290. The stock has a 50 day moving average price of $32.28 and a 200-day moving average price of $34.19. The firm has a market cap of $42.89 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.20 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Citigroup lowered their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, October 25th. UBS Group reduced their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.50.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Company Profile

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.