Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Holdings Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,002,895 shares of the company's stock after selling 526,891 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.59% of Keurig Dr Pepper worth $299,949,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KDP. FMR LLC lifted its position 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 buying an additional 9,105,164 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Keurig Dr Pepper by 5.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company's stock valued at $574,146,000 after purchasing an additional 730,297 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Keurig Dr Pepper by 2.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company's stock valued at $445,648,000 after purchasing an additional 317,837 shares during the period. Legal & General Group Plc grew its holdings in Keurig Dr Pepper by 6.5% in the second quarter. Legal & General Group Plc now owns 9,971,838 shares of the company's stock valued at $333,057,000 after purchasing an additional 609,857 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Keurig Dr Pepper by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 7,130,632 shares of the company's stock valued at $238,163,000 after purchasing an additional 171,036 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded up $0.07 on Friday, reaching $32.65. 4,642,583 shares of the company's stock were exchanged, compared to its average volume of 9,265,329. The business's 50-day moving average is $34.72 and its two-hundred day moving average is $34.66. The firm has a market capitalization of $44.29 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.52 and a beta of 0.63. 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 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 released its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, September 27th. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. Keurig Dr Pepper's dividend payout ratio is currently 55.76%.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on KDP. 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 report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, Evercore ISI raised shares of Keurig Dr Pepper to a "hold" rating in a report on Thursday, September 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $38.36.

Keurig Dr Pepper 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.