Two Sigma Investments LP Has $106.37 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Two Sigma Investments LP grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,311,702 shares of the company's stock after buying an additional 1,060,916 shares during the quarter. Two Sigma Investments LP owned approximately 0.24% of Keurig Dr Pepper worth $106,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Keurig Dr Pepper by 23.6% during the fourth 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 last quarter. Price T Rowe Associates Inc. MD boosted its stake in Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after acquiring an additional 14,473,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after acquiring an additional 8,363,192 shares during the last quarter. Norges Bank bought a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $197,819,000. Finally, Wellington Management Group LLP boosted its stake in Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Barclays lifted their price target 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. Four investment 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 company's stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Insider Activity

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the completion of the sale, the insider now owns 154,511 shares of the company's stock, valued at $5,499,046.49. The trade was a 7.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded down $0.58 during trading on Thursday, hitting $33.01. 8,868,175 shares of the stock were exchanged, compared to its average volume of 10,569,862. The stock has a market capitalization of $44.83 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The company has a fifty day moving average price of $34.26 and a 200-day moving average price of $33.03. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly 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 return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm posted $0.38 EPS. The company's quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

About Keurig Dr Pepper

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.