Keurig Dr Pepper Inc. (NASDAQ:KDP) Major Shareholder Bevco B.V. Jab Sells 83,950,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’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 completion of the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Bevco B.V. Jab also recently made the following trade(s):

• On Wednesday, January 29th, Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.52 on Friday. 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 $28.61 and a 1 year high of $38.28. The company has a market capitalization of $45.47 billion, a PE ratio of 20.32, a P/E/G ratio of 2.42 and a beta of 0.61. The company has a fifty day moving average of $31.93 and a two-hundred day moving average of $33.93.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $26,057,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $297,000. Aurdan Capital Management LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $2,593,000. Mackenzie Financial Corp boosted its stake in shares of Keurig Dr Pepper by 12.3% during the fourth quarter. Mackenzie Financial Corp now owns 378,935 shares of the company’s stock worth $12,171,000 after buying an additional 41,560 shares during the period. Finally, Forum Financial Management LP boosted its stake in shares of Keurig Dr Pepper by 69.3% during the fourth quarter. Forum Financial Management LP now owns 23,409 shares of the company’s stock worth $752,000 after buying an additional 9,580 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KDP. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley boosted their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.23.

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.