Royal London Asset Management Ltd. Increases Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Royal London Asset Management Ltd. increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457,855 shares of the company’s stock after buying an additional 13,207 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Keurig Dr Pepper were worth $14,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth about $35,000. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $37,000. Brooklyn Investment Group acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth about $61,000. R Squared Ltd acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $70,000. Finally, Cromwell Holdings LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $77,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.55 on Friday. The stock has a market capitalization of $45.52 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $29.86 and a twelve month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $32.44 and a 200 day moving average of $33.65.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $0.55 EPS. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares in the company, valued at $5,960,482.29. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 84,397,350 shares of company stock worth $2,756,292,570. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on KDP shares. Piper Sandler started coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Morgan Stanley boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.