Waterloo Capital L.P. Sells 12,830 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Waterloo Capital L.P. lessened its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 58.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,957 shares of the company's stock after selling 12,830 shares during the quarter. Waterloo Capital L.P.'s holdings in Keurig Dr Pepper were worth $288,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KDP. Vanguard Group Inc. grew its holdings in Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares during the period. Wellington Management Group LLP boosted its stake in shares of Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares during the period. Geode Capital Management LLC increased its holdings in shares of Keurig Dr Pepper by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock worth $784,974,000 after acquiring an additional 1,962,195 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after acquiring an additional 8,363,192 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Keurig Dr Pepper by 32.3% in the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company's stock valued at $600,189,000 after acquiring an additional 4,562,128 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

KDP has been the topic of several research analyst reports. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. UBS Group reissued a "buy" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, TD Cowen decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $38.77.

Keurig Dr Pepper Price Performance

KDP stock traded up $0.41 during midday trading on Friday, reaching $35.16. The company had a trading volume of 11,236,316 shares, compared to its average volume of 9,931,508. The stock has a 50 day moving average price of $33.39 and a 200-day moving average price of $33.29. The company has a market capitalization of $47.70 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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 was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.62%. Keurig Dr Pepper's payout ratio is presently 87.62%.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 84,409,350 shares of company stock worth $2,756,709,930. Corporate insiders own 1.00% of the company's stock.

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.