Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,551 shares of the company’s stock after selling 12,521 shares during the period. Strs Ohio’s holdings in Keurig Dr Pepper were worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC raised its position in Keurig Dr Pepper by 99,740.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after purchasing an additional 324,589,570 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Keurig Dr Pepper by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after acquiring an additional 5,490,242 shares in the last quarter. BlackRock Inc. raised its position in shares of Keurig Dr Pepper by 1.1% during the 1st quarter. BlackRock Inc. now owns 68,972,718 shares of the company’s stock worth $2,433,358,000 after acquiring an additional 749,695 shares in the last quarter. FMR LLC raised its position in shares of Keurig Dr Pepper by 12.9% during the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after acquiring an additional 6,926,582 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Keurig Dr Pepper by 2.3% during the 3rd quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after acquiring an additional 953,639 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of several research analyst reports. HSBC initiated coverage on Keurig Dr Pepper in a research report on Friday, December 22nd. They set a “hold” rating and a $37.00 target price on the stock. Barclays raised their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Wedbush cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $36.45.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is currently owned by insiders.

Keurig Dr Pepper Trading Up 0.0 %

Shares of KDP stock opened at $30.44 on Wednesday. The business’s 50 day moving average is $30.26 and its two-hundred day moving average is $31.00. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.99. The company has a market capitalization of $42.24 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the business posted $0.50 EPS. The company’s revenue was up 1.7% on a year-over-year basis. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.83%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

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.