Capital International Sarl Reduces Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Capital International Sarl decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,713 shares of the company’s stock after selling 2,208 shares during the period. Capital International Sarl’s holdings in Keurig Dr Pepper were worth $2,956,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KDP. Russell Investments Group Ltd. boosted its position in shares of Keurig Dr Pepper by 49.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock worth $48,880,000 after purchasing an additional 487,589 shares during the period. Franklin Resources Inc. boosted its position in shares of Keurig Dr Pepper by 608.0% during the 4th quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock worth $27,108,000 after purchasing an additional 698,665 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Keurig Dr Pepper by 24.3% during the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock worth $86,820,000 after purchasing an additional 509,393 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $3,616,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Keurig Dr Pepper by 43.8% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock worth $36,624,000 after purchasing an additional 334,954 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Down 0.1 %

NASDAQ:KDP traded down $0.04 during midday trading on Wednesday, hitting $34.78. 8,118,526 shares of the company were exchanged, compared to its average volume of 9,560,490. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.00. 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 capitalization of $47.15 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.60 and a beta of 0.61. The company has a fifty day simple moving average of $32.68 and a 200 day simple moving average of $31.83.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the firm posted $0.34 EPS. Keurig Dr Pepper’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s payout ratio is 55.48%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KDP shares. TD Cowen increased their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Morgan Stanley decreased their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Wells Fargo & Company raised their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada decreased their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $37.00.

View Our Latest Research Report on Keurig Dr Pepper

Insider Activity

In other news, major shareholder Holdings B.V. Jab sold 35,000,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $28.90, for a total value of $1,011,500,000.00. Following the sale, the insider now owns 296,487,357 shares of the company’s stock, valued at $8,568,484,617.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings B.V. Jab sold 35,000,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $28.90, for a total transaction of $1,011,500,000.00. Following the transaction, the insider now owns 296,487,357 shares of the company’s stock, valued at approximately $8,568,484,617.30. The disclosure for this sale can be found here. Insiders have sold a total of 48,124,998 shares of company stock valued at $1,391,207,253 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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