Keurig Dr Pepper Inc. (NASDAQ:KDP) Major Shareholder Bevco B.V. Jab Sells 69,000,000 Shares of Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) major shareholder Bevco B.V. Jab sold 69,000,000 shares of the 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 transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $32.99 on Thursday. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The firm has a market cap of $44.75 billion, a P/E ratio of 19.99, a PEG ratio of 2.73 and a beta of 0.62. The stock has a fifty day moving average price of $36.58 and a two-hundred day moving average price of $34.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company earned $0.48 earnings per share. Keurig Dr Pepper’s revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.79%. Keurig Dr Pepper’s payout ratio is 55.76%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Concurrent Investment Advisors LLC increased its stake in Keurig Dr Pepper by 79.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,057 shares of the company’s stock worth $677,000 after purchasing an additional 7,980 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after acquiring an additional 684 shares in the last quarter. PDS Planning Inc acquired a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $227,000. Asset Management One Co. Ltd. lifted its position in shares of Keurig Dr Pepper by 0.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 539,259 shares of the company’s stock valued at $20,211,000 after acquiring an additional 3,878 shares in the last quarter. Finally, National Pension Service boosted its stake in Keurig Dr Pepper by 18.1% in the 3rd quarter. National Pension Service now owns 1,708,132 shares of the company’s stock worth $64,021,000 after purchasing an additional 262,353 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.