BI Asset Management Fondsmaeglerselskab A S Reduces Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,258 shares of the company's stock after selling 7,160 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Keurig Dr Pepper were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC grew its position 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 worth $28,000 after buying an additional 389 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth approximately $42,000. Brooklyn Investment Group grew its position in shares of Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after buying an additional 554 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth approximately $70,000. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP traded down $0.06 during trading hours on Friday, hitting $34.40. The stock had a trading volume of 9,610,834 shares, compared to its average volume of 10,023,835. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a 50-day moving average price of $34.13 and a 200 day moving average price of $33.18. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its 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 firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KDP. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Argus assumed coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. 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 research report on Thursday, April 17th. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $36.00 to $42.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $39.40.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the transaction, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. This represents a 7.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction 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 transaction, the vice president now owns 74,587 shares of the company's stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,421,350 shares of company stock worth $2,757,137,010 in the last three months. Company insiders own 1.00% of the company's stock.

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.