Wellington Management Group LLP Decreases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wellington Management Group LLP reduced its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 54,956,602 shares of the company's stock after selling 240,009 shares during the period. Wellington Management Group LLP owned 4.05% of Keurig Dr Pepper worth $2,059,773,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its stake in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company's stock valued at $26,000 after acquiring an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock worth $27,000 after acquiring an additional 685 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after purchasing an additional 301 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Keurig Dr Pepper in the 2nd quarter worth approximately $35,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm's 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 completion of the transaction, the insider now owns 214,443,879 shares of the company's stock, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Down 0.8 %

Shares of NASDAQ:KDP traded down $0.26 during trading on Friday, hitting $32.72. The stock had a trading volume of 9,582,685 shares, compared to its average volume of 9,332,638. The company has a market capitalization of $44.38 billion, a PE ratio of 19.83, a PEG ratio of 2.52 and a beta of 0.61. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm's fifty day moving average is $34.22 and its 200 day moving average is $34.62. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28.

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

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.23 per share. This is a boost from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is 55.76%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup dropped their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price target 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. Royal Bank of Canada raised their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Jefferies Financial Group cut 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 research report on Friday, October 25th. Finally, Barclays lowered their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus 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.