Capital International Sarl Has $3.95 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Capital International Sarl lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.5% during the fourth quarter, HoldingsChannel reports. The fund owned 123,038 shares of the company’s stock after purchasing an additional 18,292 shares during the quarter. Capital International Sarl’s holdings in Keurig Dr Pepper were worth $3,952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Townsquare Capital LLC raised its holdings in shares of Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock valued at $505,000 after purchasing an additional 327 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after buying an additional 342 shares in the last quarter. Barden Capital Management Inc. lifted its position in shares of Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock worth $1,280,000 after buying an additional 353 shares during 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 worth $228,000 after acquiring an additional 357 shares in the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KDP shares. UBS Group boosted their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday. Argus started coverage on shares of Keurig Dr Pepper in a report on Wednesday. They set a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Piper Sandler raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, TD Cowen lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.21.

Insiders Place Their Bets

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the transaction, the insider now directly owns 154,511 shares of the company’s stock, valued at $5,499,046.49. This trade represents a 7.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 84,421,350 shares of company stock worth $2,757,137,010 over the last quarter. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $35.41 on Friday. The firm has a market capitalization of $48.04 billion, a PE ratio of 21.46, a PEG ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The business’s 50 day moving average is $33.82 and its 200-day moving average is $33.28.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.60%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

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.