Tidal Investments LLC Decreases Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Tidal Investments LLC lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,752 shares of the company's stock after selling 87,135 shares during the period. Tidal Investments LLC's holdings in Keurig Dr Pepper were worth $4,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Keurig Dr Pepper by 15.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 112,446 shares of the company's stock valued at $3,612,000 after buying an additional 15,178 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $426,000. HB Wealth Management LLC increased its stake in shares of Keurig Dr Pepper by 23.8% in the fourth quarter. HB Wealth Management LLC now owns 32,090 shares of the company's stock valued at $1,031,000 after buying an additional 6,169 shares during the period. UMB Bank n.a. increased its stake in shares of Keurig Dr Pepper by 17.0% in the fourth quarter. UMB Bank n.a. now owns 4,709 shares of the company's stock valued at $151,000 after buying an additional 684 shares during the period. Finally, LaFleur & Godfrey LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $806,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Down 0.3%

NASDAQ:KDP traded down $0.09 on Friday, hitting $32.92. The stock had a trading volume of 8,765,245 shares, compared to its average volume of 10,586,992. The business's fifty day moving average is $34.23 and its 200 day moving average is $33.03. The company has a market cap of $44.71 billion, a PE ratio of 19.95, a P/E/G ratio of 2.42 and a beta of 0.52. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. 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, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the company earned $0.38 earnings per share. The company's revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group upped their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm'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 value of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This trade represents a 38.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. This represents a 7.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,863,850 shares of company stock worth $2,772,203,450 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

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.