Vanguard Group Inc. Boosts Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Vanguard Group Inc. raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 23.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 119,587,162 shares of the company’s stock after purchasing an additional 22,856,757 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Keurig Dr Pepper worth $3,841,140,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Perigon Wealth Management LLC lifted its stake in shares of Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after acquiring an additional 342 shares in the last quarter. Barden Capital Management Inc. raised its position in shares of Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock valued at $1,280,000 after purchasing an additional 353 shares in the last quarter. Custom Index Systems LLC boosted its stake in shares of Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after buying an additional 357 shares during the last quarter. First Hawaiian Bank grew its position in shares of Keurig Dr Pepper by 5.2% during the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after buying an additional 384 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Keurig Dr Pepper by 2.9% in the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after buying an additional 400 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on KDP. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. TD Cowen cut their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the transaction, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,397,350 shares of company stock valued at $2,756,292,570. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Up 0.9 %

KDP stock opened at $33.85 on Tuesday. The stock has a market cap of $45.93 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The firm’s 50-day simple moving average is $32.50 and its 200 day simple moving average is $33.61. Keurig Dr Pepper Inc. has a fifty-two week low of $29.86 and a fifty-two week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

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.