Keurig Dr Pepper, Inc (NASDAQ:KDP) Stake Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 51.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,074,370 shares of the company's stock after buying an additional 364,538 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of Keurig Dr Pepper worth $36,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at approximately $27,000. New Age Alpha Advisors LLC raised its holdings in Keurig Dr Pepper by 82.8% during 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 last quarter. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at $42,000. Finally, Continuum Advisory LLC grew its holdings in Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after purchasing an additional 602 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred 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 sale, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the vice president now owns 62,411 shares in the company, valued at $2,136,952.64. This represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock valued at $23,594,400 in the last three months. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Down 0.6%

Keurig Dr Pepper stock traded down $0.19 during trading on Friday, hitting $32.85. The company's stock had a trading volume of 10,275,710 shares, compared to its average volume of 10,882,557. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The stock has a market capitalization of $44.62 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 2.53 and a beta of 0.48. The stock's fifty day moving average is $33.53 and its 200 day moving average is $33.09. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28.

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, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. As a group, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.80%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent research reports. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Barclays lowered their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday. UBS Group raised their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Finally, Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Two research 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $39.92.

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.