Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,496,157 shares of the company’s stock after selling 117,449 shares during the quarter. Wells Fargo & Company MN’s holdings in Keurig Dr Pepper were worth $83,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new position in Keurig Dr Pepper in the fourth quarter valued at $29,000. Bruce G. Allen Investments LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $34,000. Ulland Investment Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $50,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Keurig Dr Pepper by 79.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after purchasing an additional 715 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Down 0.8 %

KDP stock opened at $33.98 on Friday. The company has a market capitalization of $46.06 billion, a P/E ratio of 21.92, a PEG ratio of 2.60 and a beta of 0.61. The firm has a 50 day simple moving average of $31.98 and a 200-day simple moving average of $31.67. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. 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 announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share 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 during the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KDP. Barclays upped their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. TD Cowen upped their target price on 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 dropped their target price 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 decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $36.64.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Priyadarshi Sudhanshu bought 85,910 shares of the stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, with a total value of $2,499,981.00. Following the completion of the acquisition, the chief financial officer now directly owns 218,566 shares of the company’s stock, valued at approximately $6,360,270.60. The disclosure for this purchase can be found here. In the last quarter, insiders sold 100,085,652 shares of company stock worth $2,892,832,080. 1.00% of the stock is currently owned by corporate insiders.

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.