Kennon Green & Company LLC Sells 11,093 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Kennon Green & Company LLC cut its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,323 shares of the company’s stock after selling 11,093 shares during the quarter. Keurig Dr Pepper accounts for about 1.8% of Kennon Green & Company LLC’s holdings, making the stock its 23rd biggest holding. Kennon Green & Company LLC’s holdings in Keurig Dr Pepper were worth $1,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Achmea Investment Management B.V. increased its holdings in Keurig Dr Pepper by 0.8% in the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after purchasing an additional 324 shares during the period. Operose Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after acquiring an additional 373 shares during the period. Mckinley Capital Management LLC boosted its holdings in Keurig Dr Pepper by 1.3% in the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after acquiring an additional 470 shares during the last quarter. Dakota Wealth Management boosted its holdings in Keurig Dr Pepper by 2.3% in the third quarter. Dakota Wealth Management now owns 21,826 shares of the company’s stock valued at $689,000 after acquiring an additional 483 shares during the last quarter. Finally, CX Institutional increased its position in Keurig Dr Pepper by 6.2% during the 3rd quarter. CX Institutional now owns 8,483 shares of the company’s stock valued at $268,000 after purchasing an additional 492 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the transaction, the insider now owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert S. Singer sold 12,132 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 in the last ninety days. Company insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Up 0.1 %

Shares of NASDAQ:KDP traded up $0.03 during midday trading on Monday, hitting $33.75. 5,178,703 shares of the company’s stock were exchanged, compared to its average volume of 10,504,263. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a 50 day moving average price of $30.41 and a 200-day moving average price of $31.10. The company has a market cap of $45.75 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.56 and a beta of 0.66. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Analyst Ratings Changes

Several research firms recently issued reports on KDP. Royal Bank of Canada dropped their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. TD Cowen boosted their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday. Barclays raised their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Wedbush decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.64.

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.