Citizens Financial Group Inc RI lessened its stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 34.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,878 shares of the company’s stock after selling 1,481 shares during the period. Citizens Financial Group Inc RI’s holdings in Keurig Dr Pepper were worth $70,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Capital Research Global Investors increased its position in Keurig Dr Pepper by 4.4% during the 4th quarter. Capital Research Global Investors now owns 53,237,804 shares of the company’s stock valued at $1,541,234,000 after buying an additional 2,262,899 shares in the last quarter. BlackRock Inc. increased its position in Keurig Dr Pepper by 5.4% during the 1st quarter. BlackRock Inc. now owns 8,865,206 shares of the company’s stock valued at $215,159,000 after buying an additional 452,593 shares in the last quarter. Norges Bank bought a new position in Keurig Dr Pepper during the 4th quarter valued at approximately $120,088,000. Geode Capital Management LLC increased its position in Keurig Dr Pepper by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,157,626 shares of the company’s stock valued at $62,463,000 after buying an additional 53,248 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Keurig Dr Pepper by 73.8% during the 1st quarter. Victory Capital Management Inc. now owns 1,725,879 shares of the company’s stock valued at $41,887,000 after buying an additional 732,810 shares in the last quarter. 20.84% of the stock is owned by institutional investors.
KDP has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on Keurig Dr Pepper from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. SunTrust Banks reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Wednesday, April 29th. Citigroup lifted their target price on Keurig Dr Pepper from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, April 1st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $31.00 target price on shares of Keurig Dr Pepper in a report on Thursday, April 30th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.56.
KDP stock opened at $27.16 on Friday. The company has a market cap of $37.82 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.61. Keurig Dr Pepper Inc has a 1 year low of $18.98 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.33 and a quick ratio of 0.23. The stock’s fifty day moving average price is $26.17 and its 200-day moving average price is $27.58.
Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Monday, April 27th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.55 billion. Keurig Dr Pepper had a return on equity of 7.71% and a net margin of 10.51%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. As a group, analysts expect that Keurig Dr Pepper Inc will post 1.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 3rd will be paid a $0.15 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.21%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 49.18%.
In related news, Director Olivier Goudet bought 20,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $24.36 per share, for a total transaction of $487,200.00. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at $974,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings B.V. Jab bought 7,380,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $27.16 per share, for a total transaction of $200,440,800.00. Company insiders own 0.44% of the company’s stock.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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