Keurig Dr Pepper Inc. (NASDAQ:KDP) is Barrow Hanley Mewhinney & Strauss LLC’s 6th Largest Position

Barrow Hanley Mewhinney & Strauss LLC increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 65.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,219,771 shares of the company’s stock after purchasing an additional 8,363,192 shares during the quarter. Keurig Dr Pepper accounts for 2.3% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 6th largest position. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Keurig Dr Pepper were worth $681,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Schroder Investment Management Group increased its position in shares of Keurig Dr Pepper by 87.2% during the 4th quarter. Schroder Investment Management Group now owns 708,669 shares of the company’s stock valued at $22,649,000 after purchasing an additional 330,153 shares during the last quarter. Allstate Corp bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $1,096,000. DnB Asset Management AS grew its position in shares of Keurig Dr Pepper by 11.6% during the 4th quarter. DnB Asset Management AS now owns 271,248 shares of the company’s stock valued at $8,712,000 after acquiring an additional 28,285 shares during the period. Riverchase Wealth Management LLC purchased a new stake in Keurig Dr Pepper in the fourth quarter worth about $698,000. Finally, Orion Portfolio Solutions LLC increased its holdings in Keurig Dr Pepper by 11.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 110,299 shares of the company’s stock worth $3,543,000 after acquiring an additional 11,557 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In related news, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the transaction, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the sale, the insider now directly owns 187,537 shares of the company’s stock, valued at approximately $6,385,634.85. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,397,350 shares of company stock worth $2,756,292,570. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of several recent analyst reports. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective on the stock. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Morgan Stanley lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. 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 price target of $38.23.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $33.74 on Friday. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a market cap of $45.78 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.42 and a beta of 0.62. The firm’s fifty day moving average is $32.72 and its 200 day moving average is $33.54. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

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.