Fmr LLC Sells 2,199,901 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fmr LLC decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 99,983,243 shares of the company’s stock after selling 2,199,901 shares during the quarter. Fmr LLC owned about 0.07% of Keurig Dr Pepper worth $3,211,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. New Age Alpha Advisors LLC lifted its position in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the last quarter. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the third quarter worth about $35,000. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $42,000. Finally, Brooklyn Investment Group grew its holdings in Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after buying an additional 554 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Down 5.1 %

Shares of KDP stock opened at $33.81 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $45.87 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The firm has a 50-day moving average price of $33.05 and a 200 day moving average price of $33.45.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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 in the previous year, the business earned $0.55 EPS. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is presently 87.62%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KDP. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, TD Cowen lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.38.

Insider Activity

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,409,350 shares of company stock worth $2,756,709,930. 1.00% of the stock is owned by corporate insiders.

About Keurig Dr Pepper

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.