River Road Asset Management LLC Has $43.54 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

River Road Asset Management LLC lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,306,661 shares of the company’s stock after selling 390,589 shares during the quarter. River Road Asset Management LLC owned 0.09% of Keurig Dr Pepper worth $43,538,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KDP. American Century Companies Inc. increased its stake in Keurig Dr Pepper by 14.1% during the 1st quarter. American Century Companies Inc. now owns 16,908 shares of the company’s stock valued at $641,000 after purchasing an additional 2,093 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Keurig Dr Pepper by 18.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company’s stock valued at $812,000 after purchasing an additional 3,263 shares in the last quarter. Private Advisor Group LLC increased its stake in Keurig Dr Pepper by 11.9% during the 1st quarter. Private Advisor Group LLC now owns 15,904 shares of the company’s stock valued at $603,000 after purchasing an additional 1,697 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Keurig Dr Pepper during the 1st quarter valued at $530,000. Finally, Yousif Capital Management LLC increased its stake in Keurig Dr Pepper by 11.6% during the 1st quarter. Yousif Capital Management LLC now owns 16,053 shares of the company’s stock valued at $608,000 after purchasing an additional 1,669 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KDP shares. Morgan Stanley cut their price objective 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. HSBC began coverage on shares of Keurig Dr Pepper in a report on Friday, December 22nd. They set a “hold” rating and a $37.00 price objective on the stock. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Royal Bank of Canada decreased their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, Barclays upped their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.45.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded up $0.44 on Wednesday, reaching $30.88. 10,021,124 shares of the company’s stock traded hands, compared to its average volume of 10,631,745. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The stock has a 50-day simple moving average of $30.26 and a 200 day simple moving average of $31.00. The stock has a market cap of $42.85 billion, a PE ratio of 19.85, a P/E/G ratio of 2.31 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.78%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Insiders Place Their Bets

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the transaction, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the transaction, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now directly owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is owned by corporate 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.