AQR Capital Management LLC Trims Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

AQR Capital Management LLC lessened its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,245,397 shares of the company's stock after selling 18,154 shares during the quarter. AQR Capital Management LLC owned about 0.09% of Keurig Dr Pepper worth $39,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Keurig Dr Pepper by 36.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after buying an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake 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 valued at $681,579,000 after purchasing an additional 8,363,192 shares during the period. Norges Bank purchased a new position in Keurig Dr Pepper during the fourth quarter valued at $197,819,000. Finally, Wellington Management Group LLP boosted its stake in 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 worth $1,946,561,000 after acquiring an additional 5,646,179 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. 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. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, UBS Group increased their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.33.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now directly owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction 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 transaction, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,837,350 shares of company stock valued at $2,771,297,650 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Up 0.6 %

Shares of KDP stock traded up $0.20 on Thursday, hitting $34.24. 2,857,322 shares of the stock traded hands, compared to its average volume of 10,409,207. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The stock has a market capitalization of $46.50 billion, a PE ratio of 20.75, a PEG ratio of 2.42 and a beta of 0.52. The firm's 50-day moving average price is $34.21 and its two-hundred day moving average price is $33.10. 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 - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the prior year, the business posted $0.38 EPS. The company's revenue was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.69%. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

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.