Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,014,973 shares of the company’s stock after purchasing an additional 818,426 shares during the quarter. Vanguard Group Inc. owned 5.98% of Keurig Dr Pepper worth $2,766,059,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $29,000. Bruce G. Allen Investments LLC bought a new stake in Keurig Dr Pepper in the 4th quarter valued at about $34,000. Ulland Investment Advisors LLC bought a new stake in Keurig Dr Pepper in the 4th quarter valued at about $50,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Keurig Dr Pepper by 79.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after purchasing an additional 715 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $55,000. 85.23% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the sale, the insider now owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,520 shares of company stock worth $2,750,739. Insiders own 1.00% of the company’s stock.
Keurig Dr Pepper Stock Up 1.9 %
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. Keurig Dr Pepper’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.
Keurig Dr Pepper Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.48%. Keurig Dr Pepper’s payout ratio is 55.48%.
Wall Street Analyst Weigh In
KDP has been the subject of several analyst reports. Morgan Stanley dropped their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Barclays upped their price objective 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. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Royal Bank of Canada lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.62.
Get Our Latest Report on Keurig Dr Pepper
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.
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