Keurig Dr Pepper, Inc (NASDAQ:KDP) Stock Holdings Lowered by RWC Asset Management LLP

Key Points

• RWC Asset Management LLP sold 67,042 shares of Keurig Dr Pepper, Inc., reducing its holdings by 4.3% to approximately 1.49 million shares, making KDP the firm's 9th largest position.
• Insider transactions included VP Angela A. Stephens selling 14,500 shares and Director Robert James Gamgort selling 208,000 shares, reducing their positions by 18.85% and 7.31% respectively.
• Keurig Dr Pepper announced a quarterly dividend of $0.23 per share, representing a 2.77% yield, while the company's recent earnings report showed a revenue increase of 6.1% year-over-year.

RWC Asset Management LLP decreased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,486,053 shares of the company's stock after selling 67,042 shares during the quarter. Keurig Dr Pepper accounts for about 2.6% of RWC Asset Management LLP's portfolio, making the stock its 9th largest position. RWC Asset Management LLP owned approximately 0.11% of Keurig Dr Pepper worth $50,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Townsquare Capital LLC boosted its holdings in Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the period. First American Bank boosted its position in shares of Keurig Dr Pepper by 0.6% during the first quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after purchasing an additional 344 shares in the last quarter. Allworth Financial LP increased its stake in shares of Keurig Dr Pepper by 3.8% in the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company's stock worth $353,000 after acquiring an additional 371 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after acquiring an additional 389 shares during the last quarter. Finally, Citadel Investment Advisory Inc. increased its holdings in shares of Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after purchasing an additional 400 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were 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 of the company's stock, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director De Ven Michael G. Van acquired 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the purchase, the director owned 15,000 shares of the company's stock, valued at approximately $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 282,500 shares of company stock valued at $9,396,920. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of analyst reports. UBS Group lowered their price target on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Argus began coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the company from $36.00 to $42.00 in a report on Friday, April 25th. Two equities research 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. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average price target of $39.77.

Keurig Dr Pepper Trading Down 2.3%

KDP traded down $0.78 during trading on Thursday, reaching $33.05. The company had a trading volume of 4,862,785 shares, compared to its average volume of 12,246,207. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The business has a 50 day simple moving average of $33.26 and a 200-day simple moving average of $33.31. The stock has a market cap of $44.89 billion, a P/E ratio of 29.49, a PEG ratio of 2.47 and a beta of 0.47. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. Keurig Dr Pepper's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. Keurig Dr Pepper's payout ratio is 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.