T. Rowe Price Investment Management Inc. Reduces Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

T. Rowe Price Investment Management Inc. decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,558 shares of the company’s stock after selling 55,824 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Keurig Dr Pepper were worth $7,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KDP. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after buying an additional 22,856,757 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after buying an additional 14,473,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Keurig Dr Pepper by 65.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock valued at $681,579,000 after acquiring an additional 8,363,192 shares in the last quarter. Norges Bank acquired a new position in Keurig Dr Pepper during the 4th quarter valued at approximately $197,819,000. Finally, Wellington Management Group LLP increased its position in shares of Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on KDP shares. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $36.00 to $42.00 in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, Argus initiated coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Keurig Dr Pepper Trading Down 0.2 %

Shares of KDP opened at $34.40 on Monday. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The stock has a market cap of $46.67 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The firm’s fifty day moving average is $34.13 and its two-hundred day moving average is $33.18. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 83.64%.

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.