Jefferies Financial Group Inc. Sells 46,867 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Jefferies Financial Group Inc. lessened its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 83.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,394 shares of the company's stock after selling 46,867 shares during the period. Jefferies Financial Group Inc.'s holdings in Keurig Dr Pepper were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

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

Keurig Dr Pepper Trading Down 1.3%

KDP stock traded down $0.43 during trading on Thursday, hitting $33.16. 4,735,997 shares of the company traded hands, compared to its average volume of 10,531,645. The company has a 50-day moving average of $34.26 and a 200-day moving average of $33.03. 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 1 year low of $30.12 and a 1 year high of $38.28. The firm has a market capitalization of $45.03 billion, a PE ratio of 20.11, a P/E/G ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating 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 firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.77%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This trade represents a 38.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,863,850 shares of company stock worth $2,772,203,450. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KDP shares. UBS Group lifted their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Barclays upped their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average target price 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.