Schroder Investment Management Group raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 87.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 708,669 shares of the company's stock after purchasing an additional 330,153 shares during the period. Schroder Investment Management Group owned 0.05% of Keurig Dr Pepper worth $22,649,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in KDP. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after buying an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock valued at $10,400,000 after acquiring an additional 112,819 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after purchasing an additional 41,466 shares during the period. Swedbank AB lifted its position in shares of Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after purchasing an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP boosted its stake in shares of Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after purchasing an additional 398,916 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.
Keurig Dr Pepper Stock Performance
KDP stock traded down $0.21 during trading on Monday, hitting $33.60. 17,222,015 shares of the company's stock traded hands, compared to its average volume of 9,777,415. The stock has a market capitalization of $45.59 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The stock has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $33.40. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.55 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is 87.62%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a "neutral" rating and a $35.00 target price for the company. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.38.
Read Our Latest Stock Report on Keurig Dr Pepper
Insider Buying and Selling
In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930. Insiders own 1.00% of the company's stock.
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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