Guggenheim Capital LLC Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Guggenheim Capital LLC lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 506,827 shares of the company’s stock after buying an additional 62,045 shares during the quarter. Guggenheim Capital LLC’s holdings in Keurig Dr Pepper were worth $16,279,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KDP. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after acquiring an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock worth $10,400,000 after purchasing an additional 112,819 shares in the last quarter. Franklin Resources Inc. boosted its stake in Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after purchasing an additional 41,466 shares during the period. Swedbank AB grew its holdings in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock valued at $23,994,000 after buying an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP raised its position in shares of Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock valued at $49,885,000 after buying an additional 398,916 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now directly owns 134,113,479 shares of the company’s stock, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the 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 sale, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,409,350 shares of company stock worth $2,756,709,930 in the last three months. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on KDP. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.77.

Keurig Dr Pepper Trading Down 0.9 %

NASDAQ KDP opened at $35.39 on Wednesday. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market capitalization of $48.02 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company’s 50-day simple moving average is $33.57 and its two-hundred day simple moving average is $33.29.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (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 period last year, the company posted $0.55 earnings per share. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s payout ratio is 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.