Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 28.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,040 shares of the company's stock after selling 10,346 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Keurig Dr Pepper were worth $836,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. New Age Alpha Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper in the fourth quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper during the fourth quarter worth $42,000. Brooklyn Investment Group boosted its position in Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after acquiring an additional 554 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the completion of the transaction, the director now owns 2,846,490 shares in the company, valued at approximately $97,122,238.80. This represents a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,837,350 shares of company stock valued at $2,771,297,650. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

KDP traded down $0.55 during trading on Thursday, reaching $34.04. 9,511,634 shares of the company's stock were exchanged, compared to its average volume of 10,064,967. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company's fifty day simple moving average is $34.19 and its 200-day simple moving average is $33.18. The stock has a market capitalization of $46.23 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. As a group, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

Analysts Set New Price Targets

Several research firms have issued reports on KDP. UBS Group boosted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. TD Cowen reduced their price objective on shares of 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 raised their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Four 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

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.