Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,260,957 shares of the company's stock after purchasing an additional 1,258,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.68% of Keurig Dr Pepper worth $297,462,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 acquiring an additional 22,856,757 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Keurig Dr Pepper by 36.0% during 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Keurig Dr Pepper by 65.0% during 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 purchasing an additional 8,363,192 shares in the last quarter. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $197,819,000. Finally, Wellington Management Group LLP increased its position in shares of Keurig Dr Pepper by 10.3% in the 4th 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 period. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the sale, the vice president now directly owns 62,411 shares of the company's stock, valued at $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39% decrease in their position. The disclosure for this sale can be found here. In 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 company insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.09 during trading on Friday, reaching $32.92. 8,765,245 shares of the company's stock traded hands, compared to its average volume of 10,608,592. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm 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 50-day simple moving average of $34.23 and a 200-day simple moving average of $33.03.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 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 company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the company earned $0.38 earnings per share. Keurig Dr Pepper's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

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.