Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 27.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,273,125 shares of the company’s stock after acquiring an additional 274,689 shares during the period. Russell Investments Group Ltd.’s holdings in Keurig Dr Pepper were worth $40,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Keurig Dr Pepper by 10.3% during the fourth 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. Geode Capital Management LLC grew its position in shares of Keurig Dr Pepper by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock worth $784,974,000 after acquiring an additional 1,962,195 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock worth $681,579,000 after acquiring an additional 8,363,192 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Keurig Dr Pepper by 32.3% in the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company’s stock valued at $600,189,000 after purchasing an additional 4,562,128 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 0.6 %

KDP stock opened at $33.60 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market cap of $45.59 billion, a PE ratio of 20.36, 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 simple moving average of $33.09 and a 200 day simple moving average of $33.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. Equities 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given 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 (DPR) is 87.62%.

Insider Buying and Selling

In other news, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Thursday, December 12th. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.38.

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.