Robeco Institutional Asset Management B.V. Reduces Holdings in Keurig Dr Pepper, Inc $KDP

Robeco Institutional Asset Management B.V. lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 56.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 450,690 shares of the company’s stock after selling 587,821 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Keurig Dr Pepper were worth $11,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in Keurig Dr Pepper by 15.2% in the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after purchasing an additional 39,916 shares during the period. LBP AM SA increased its position in shares of Keurig Dr Pepper by 1,772.6% during the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after purchasing an additional 519,851 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Keurig Dr Pepper by 9.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after purchasing an additional 12,530 shares during the last quarter. State of Michigan Retirement System raised its holdings in Keurig Dr Pepper by 14.0% in the 2nd quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock valued at $12,209,000 after buying an additional 45,400 shares during the period. Finally, Callan Family Office LLC lifted its position in Keurig Dr Pepper by 290.4% in the second quarter. Callan Family Office LLC now owns 28,458 shares of the company’s stock valued at $941,000 after buying an additional 21,168 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $27.61 on Friday. The firm has a 50 day moving average of $27.75 and a two-hundred day moving average of $29.48. The stock has a market capitalization of $37.51 billion, a PE ratio of 23.80, a P/E/G ratio of 1.87 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. The Goldman Sachs Group dropped their target price on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Finally, Citigroup dropped their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.87.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.