Daiwa Securities Group Inc. Sells 24,481 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Daiwa Securities Group Inc. trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 157,893 shares of the company’s stock after selling 24,481 shares during the period. Daiwa Securities Group Inc.’s holdings in Keurig Dr Pepper were worth $5,261,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC raised its position in Keurig Dr Pepper by 24.3% in the fourth quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock valued at $86,820,000 after purchasing an additional 509,393 shares during the last quarter. Arizona State Retirement System raised its holdings in Keurig Dr Pepper by 14.2% in the 4th quarter. Arizona State Retirement System now owns 294,833 shares of the company’s stock valued at $9,824,000 after buying an additional 36,560 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Keurig Dr Pepper by 43.8% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock valued at $36,624,000 after buying an additional 334,954 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $245,000. Finally, Morgan Stanley grew its holdings in Keurig Dr Pepper by 15.0% during the 3rd quarter. Morgan Stanley now owns 7,994,795 shares of the company’s stock worth $252,396,000 after acquiring an additional 1,044,167 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.50 on Friday. The firm has a market cap of $43.71 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.99. The business’s 50 day moving average price is $30.25 and its two-hundred day moving average price is $31.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. Keurig Dr Pepper’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. On average, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a 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 report on Wednesday, March 27th. Barclays increased their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. HSBC started coverage on Keurig Dr Pepper in a report on Friday, December 22nd. They issued a “hold” rating and a $37.00 target price on the stock. Finally, Wedbush lowered their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.45.

Insider Activity

In other news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the completion of the acquisition, the chief financial officer now owns 218,566 shares in the company, valued at $6,360,270.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Keurig Dr Pepper news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the purchase, the chief financial officer now owns 218,566 shares of the company’s stock, valued at approximately $6,360,270.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold a total of 100,012,132 shares of company stock worth $2,890,354,861 in the last three months. Company insiders own 0.81% of the company’s stock.

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.