Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Fmr LLC

Fmr LLC trimmed its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,983,243 shares of the company’s stock after selling 2,199,901 shares during the period. Fmr LLC owned 7.37% of Keurig Dr Pepper worth $3,211,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. New Age Alpha Advisors LLC boosted its position in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after buying an additional 389 shares during the period. LRI Investments LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth $42,000. Finally, Brooklyn Investment Group increased its holdings in shares of Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after purchasing an additional 554 shares during the period. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KDP shares. JPMorgan Chase & Co. increased 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 report on Wednesday, February 26th. 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 report on Thursday, December 12th. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.38.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,409,350 shares of company stock valued at $2,756,709,930 in the last quarter. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 5.1 %

Keurig Dr Pepper stock opened at $33.81 on Friday. The company has a 50 day moving average price of $33.05 and a 200 day moving average price of $33.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The firm has a market capitalization of $45.87 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business 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 posted $0.55 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. 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.