Keurig Dr Pepper, Inc $KDP Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,038,511 shares of the company's stock after selling 35,859 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of Keurig Dr Pepper worth $34,333,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of KDP. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at about $25,000. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at about $43,000. Continuum Advisory LLC raised its holdings in shares of Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at about $48,000. Finally, Riverview Trust Co raised its holdings in shares of Keurig Dr Pepper by 47.7% during the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock valued at $59,000 after buying an additional 552 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider owned 82,511 shares of the company's stock, valued at $2,777,320.26. This represents a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 435,601 shares of company stock valued at $14,421,512. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BNP Paribas downgraded Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a report on Monday, September 22nd. Citigroup dropped their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Piper Sandler dropped their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Finally, Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a report on Monday, August 25th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $35.14.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $25.84 on Friday. The firm has a market cap of $35.10 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.41 and a beta of 0.43. The stock has a 50 day moving average of $30.16 and a 200-day moving average of $32.52. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 52 week low of $25.27 and a 52 week high of $37.27.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. As a group, analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a $0.23 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

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.

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