TCW Group Inc. Sells 19,477 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

TCW Group Inc. decreased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 371,902 shares of the company's stock after selling 19,477 shares during the period. TCW Group Inc.'s holdings in Keurig Dr Pepper were worth $13,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. TD Private Client Wealth LLC raised its stake in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company's stock worth $532,000 after buying an additional 400 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Keurig Dr Pepper by 22.7% during the third quarter. Coldstream Capital Management Inc. now owns 8,972 shares of the company's stock worth $329,000 after acquiring an additional 1,660 shares during the period. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 591,316 shares during the period. M&T Bank Corp raised its position in Keurig Dr Pepper by 5.1% in the third quarter. M&T Bank Corp now owns 74,943 shares of the company's stock worth $2,808,000 after acquiring an additional 3,664 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $35,000. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded up $0.55 during trading hours on Thursday, reaching $33.81. 7,998,006 shares of the company were exchanged, compared to its average volume of 9,250,455. The stock has a 50-day moving average of $33.94 and a 200 day moving average of $34.60. 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 Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The firm has a market cap of $45.86 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.53 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates 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 was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper's payout ratio is 55.76%.

Insider Buying and Selling

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 shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares of the company's stock, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $39.00 in a research note on Thursday. Barclays dropped their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. Royal Bank of Canada raised their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $38.50.

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.