Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,587,162 shares of the company’s stock after purchasing an additional 22,856,757 shares during the quarter. Vanguard Group Inc. owned 8.82% of Keurig Dr Pepper worth $3,841,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $35,000. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at about $37,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $61,000. R Squared Ltd acquired a new position in Keurig Dr Pepper during the 4th quarter worth approximately $70,000. Finally, Cromwell Holdings LLC purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $77,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the transaction, the insider now directly owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,397,350 shares of company stock valued at $2,756,292,570 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of recent analyst reports. Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Morgan Stanley upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $33.85 on Tuesday. The stock has a fifty day moving average price of $32.50 and a 200 day moving average price of $33.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 52 week low of $29.86 and a 52 week high of $38.28. The firm has a market capitalization of $45.93 billion, a P/E ratio of 20.52, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping 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 business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the firm posted $0.55 EPS. The company’s revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.72%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

About Keurig Dr Pepper

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.