Goldman Sachs Group Inc. Purchases 294,984 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Goldman Sachs Group Inc. grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,947,266 shares of the company’s stock after purchasing an additional 294,984 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.36% of Keurig Dr Pepper worth $164,843,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KDP. Morningstar Investment Management LLC grew its position in Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after acquiring an additional 328 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in Keurig Dr Pepper by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after buying an additional 344 shares during the period. Operose Advisors LLC lifted its holdings in Keurig Dr Pepper by 28.7% in the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after buying an additional 373 shares during the period. Mckinley Capital Management LLC lifted its holdings in Keurig Dr Pepper by 1.3% in the 3rd quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock worth $1,129,000 after buying an additional 470 shares during the period. Finally, Czech National Bank lifted its holdings in Keurig Dr Pepper by 0.3% in the 4th quarter. Czech National Bank now owns 176,335 shares of the company’s stock worth $5,875,000 after buying an additional 502 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.02 during mid-day trading on Friday, reaching $34.04. The stock had a trading volume of 4,589,027 shares, compared to its average volume of 6,360,757. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The company has a market cap of $46.14 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.00. The business’s 50 day moving average price is $33.22 and its 200 day moving average price is $31.95.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.53%. Keurig Dr Pepper’s dividend payout ratio is 55.48%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Morgan Stanley lowered their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. UBS Group lifted their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen lifted their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.83.

Insider Activity

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the transaction, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Patrick Minogue sold 17,293 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the transaction, the insider now owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares in the company, valued at approximately $429,597.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,520 shares of company stock valued at $2,750,739. 1.00% of the stock is currently owned by insiders.

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.