USS Investment Management Ltd Trims Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

USS Investment Management Ltd reduced its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,189 shares of the company's stock after selling 9,021 shares during the period. USS Investment Management Ltd's holdings in Keurig Dr Pepper were worth $11,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Voloridge Investment Management LLC purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $14,406,000. Waverly Advisors LLC increased its position in Keurig Dr Pepper by 42.2% during the fourth quarter. Waverly Advisors LLC now owns 18,470 shares of the company's stock worth $593,000 after purchasing an additional 5,478 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $6,454,000. Woodline Partners LP acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $2,172,000. Finally, Vident Advisory LLC increased its position in Keurig Dr Pepper by 23.5% during the fourth quarter. Vident Advisory LLC now owns 14,391 shares of the company's stock worth $462,000 after purchasing an additional 2,740 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. This represents a 38.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Down 0.3%

Shares of NASDAQ KDP traded down $0.09 during midday trading on Friday, hitting $32.92. The company's stock had a trading volume of 8,765,245 shares, compared to its average volume of 10,586,992. The business's fifty day simple moving average is $34.23 and its two-hundred day simple moving average is $33.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The firm has a market capitalization of $44.71 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted 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 net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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 report on Thursday, April 17th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper 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.