Hsbc Holdings PLC Grows Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Hsbc Holdings PLC boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 14.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,313,747 shares of the company's stock after purchasing an additional 284,397 shares during the period. Hsbc Holdings PLC owned about 0.17% of Keurig Dr Pepper worth $74,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC increased its position in shares of 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 acquiring an additional 389 shares during the period. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $42,000. Brooklyn Investment Group grew its position in shares of Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after buying an additional 554 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP stock traded up $0.11 during trading on Tuesday, hitting $34.15. The company had a trading volume of 1,632,484 shares, compared to its average volume of 10,000,705. The firm has a 50-day moving average price of $34.15 and a 200-day moving average price of $33.17. 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 $46.33 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. 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 quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.69%. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays boosted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted 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. Finally, Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. Four research 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. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction 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 approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,421,350 shares of company stock worth $2,757,137,010 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.