Axa S.A. Has $12.97 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Axa S.A. lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,863 shares of the company's stock after selling 19,627 shares during the period. Axa S.A.'s holdings in Keurig Dr Pepper were worth $12,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KDP. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 22,856,757 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 purchasing an additional 14,473,054 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Keurig Dr Pepper by 65.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after purchasing an additional 8,363,192 shares during the last quarter. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $197,819,000. Finally, Wellington Management Group LLP raised its holdings in Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after buying an additional 5,646,179 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Up 0.1 %

KDP stock opened at $34.45 on Tuesday. 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 Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The stock's 50 day simple moving average is $34.19 and its 200 day simple moving average is $33.08. The company has a market cap of $46.79 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm posted $0.38 EPS. Keurig Dr Pepper's revenue was up 4.8% compared to the same quarter last year. On average, research analysts expect 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 was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.67%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,837,350 shares of company stock valued at $2,771,297,650. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KDP shares. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Argus assumed coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target on the stock. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

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.

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