C WorldWide Group Holding A S Cuts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

C WorldWide Group Holding A S decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 19.0% during the fourth quarter, Holdings Channel reports. The firm owned 67,368 shares of the company’s stock after selling 15,764 shares during the quarter. C WorldWide Group Holding A S’s holdings in Keurig Dr Pepper were worth $2,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. FMR LLC raised its position in Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after purchasing an additional 6,926,582 shares during the period. Vanguard Group Inc. raised its position in Keurig Dr Pepper by 7.2% in the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after purchasing an additional 5,490,242 shares during the period. Barclays PLC raised its position in Keurig Dr Pepper by 65.8% in the third quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock valued at $137,240,000 after purchasing an additional 1,725,535 shares during the period. Allspring Global Investments Holdings LLC raised its position in Keurig Dr Pepper by 11.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after purchasing an additional 1,518,286 shares during the period. Finally, Northern Trust Corp raised its position in Keurig Dr Pepper by 13.4% in the third quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock valued at $384,304,000 after purchasing an additional 1,441,007 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the transaction, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert James Gamgort bought 171,821 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold 100,012,132 shares of company stock worth $2,890,354,861 over the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Down 0.4 %

Shares of KDP stock traded down $0.12 on Friday, reaching $33.72. 9,684,878 shares of the stock were exchanged, compared to its average volume of 8,656,274. The company has a current ratio of 0.51, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average price is $30.41 and its 200 day moving average price is $31.08. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays boosted their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group dropped 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 note on Wednesday, March 27th. Royal Bank of Canada dropped 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 note on Friday, February 23rd. Wedbush dropped 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 research note on Monday, February 26th. Finally, TD Cowen boosted their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $36.33.

Keurig Dr Pepper Profile

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.