National Pension Service Sells 32,867 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Pension Service trimmed its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,675,265 shares of the company’s stock after selling 32,867 shares during the period. National Pension Service’s holdings in Keurig Dr Pepper were worth $53,810,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Perigon Wealth Management LLC lifted its stake in shares of Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after purchasing an additional 342 shares during the last quarter. Custom Index Systems LLC lifted its stake in shares of Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after purchasing an additional 357 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after purchasing an additional 384 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after acquiring an additional 400 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of Keurig Dr Pepper by 5.0% during the 4th quarter. CX Institutional now owns 8,534 shares of the company’s stock worth $274,000 after acquiring an additional 405 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction that occurred 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 purchase, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 0.4 %

KDP opened at $33.60 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The stock’s fifty day moving average is $31.91 and its two-hundred day moving average is $33.94. The company has a market capitalization of $45.57 billion, a P/E ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.61. 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 announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) 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 period last year, the business posted $0.55 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued 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 dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KDP shares. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday. TD Cowen decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

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.