Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Bfsg LLC

Bfsg LLC decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 147,446 shares of the company’s stock after selling 390 shares during the period. Bfsg LLC’s holdings in Keurig Dr Pepper were worth $4,913,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KDP. FMR LLC lifted its position in shares of 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 acquiring an additional 6,926,582 shares in the last quarter. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 7.2% during the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after buying an additional 5,490,242 shares during the period. Barclays PLC lifted its position in Keurig Dr Pepper by 65.8% during the third quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock worth $137,240,000 after buying an additional 1,725,535 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Keurig Dr Pepper by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after buying an additional 1,518,286 shares during the period. Finally, Northern Trust Corp lifted its position in Keurig Dr Pepper by 13.4% during the third quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock worth $384,304,000 after buying an additional 1,441,007 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KDP shares. Morgan Stanley cut their price objective on 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. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Royal Bank of Canada cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Barclays increased their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group lowered their target price on 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded up $1.29 during trading on Thursday, reaching $33.63. The stock had a trading volume of 5,140,055 shares, compared to its average volume of 10,455,939. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The stock has a market cap of $46.66 billion, a PE ratio of 20.86, a P/E/G ratio of 2.42 and a beta of 0.66. The firm’s 50 day moving average price is $30.30 and its two-hundred day moving average price is $31.03.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) 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 business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts forecast 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. Investors of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.56%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Activity at Keurig Dr Pepper

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