NFJ Investment Group LLC Sells 18,344 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

NFJ Investment Group LLC reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 622,872 shares of the company’s stock after selling 18,344 shares during the period. NFJ Investment Group LLC’s holdings in Keurig Dr Pepper were worth $23,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at $25,000. Blue Trust Inc. increased its position in shares of Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after acquiring an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock worth $27,000 after acquiring an additional 685 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after acquiring an additional 301 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at about $35,000. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.23 on Tuesday, hitting $32.31. 574,237 shares of the stock were exchanged, compared to its average volume of 9,231,595. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The firm’s 50 day moving average is $34.72 and its two-hundred day moving average is $34.67. The firm has a market capitalization of $43.83 billion, a PE ratio of 19.72, a P/E/G ratio of 2.52 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Analysts Set New Price Targets

KDP has been the subject of several analyst reports. Barclays lowered their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Citigroup lowered their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Finally, Jefferies Financial Group decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper Company 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.