Baird Financial Group Inc. Reduces Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Baird Financial Group Inc. decreased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,189 shares of the company's stock after selling 33,462 shares during the quarter. Baird Financial Group Inc.'s holdings in Keurig Dr Pepper were worth $15,905,000 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. increased 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 increased its position 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 worth $1,946,561,000 after buying an additional 5,646,179 shares during the period. Price T Rowe Associates Inc. MD raised its stake in 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 worth $1,755,564,000 after buying an additional 14,473,054 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Keurig Dr Pepper by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after buying an additional 1,962,195 shares during the period. Finally, Invesco Ltd. boosted its position in Keurig Dr Pepper by 19.6% during the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock valued at $693,972,000 after acquiring an additional 3,539,463 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KDP shares. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded down $0.60 on Friday, reaching $33.54. 10,315,658 shares of the company traded hands, compared to its average volume of 10,471,617. 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 capitalization of $45.55 billion, a PE ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.52. The company has a 50 day moving average of $34.21 and a 200 day moving average of $33.05. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28.

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 for the quarter, topping the consensus estimate 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 company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

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.