Lbp Am Sa Has $1 Million Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Lbp Am Sa lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 89.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,327 shares of the company's stock after selling 236,992 shares during the period. Lbp Am Sa's holdings in Keurig Dr Pepper were worth $1,004,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 23.6% in 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 4th 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 purchasing an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after buying an additional 8,363,192 shares in the last quarter. Norges Bank bought a new position in Keurig Dr Pepper during the 4th quarter worth $197,819,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. UBS Group boosted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Argus began coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target on the stock. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.92.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.65 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.59 and a beta of 0.47. The business's fifty day moving average is $33.35 and its 200-day moving average is $33.14.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. Equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is 83.64%.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president owned 62,411 shares in the company, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director De Ven Michael G. Van bought 15,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was purchased at an average cost of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 698,500 shares of company stock worth $23,580,720 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

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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