Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Ossiam

Ossiam reduced its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,816 shares of the company’s stock after selling 10,072 shares during the quarter. Ossiam’s holdings in Keurig Dr Pepper were worth $2,275,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 23.6% during the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares in the last quarter. Wellington Management Group LLP increased its position in Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after purchasing an additional 5,646,179 shares during the period. Geode Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock worth $784,974,000 after buying an additional 1,962,195 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Keurig Dr Pepper by 19.6% in the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock valued at $693,972,000 after buying an additional 3,539,463 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Keurig Dr Pepper by 65.0% in 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 buying an additional 8,363,192 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $39.21.

Insider Buying and Selling

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares in the company, valued at $5,499,046.49. This represents a 7.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $35.41 on Monday. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The stock has a market cap of $48.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The business’s fifty day moving average price is $33.82 and its two-hundred day moving average price is $33.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s payout ratio is 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.