Keurig Dr Pepper Inc. (NASDAQ:KDP) Position Reduced by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 58.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,320 shares of the company's stock after selling 108,931 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Keurig Dr Pepper were worth $2,484,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock worth $100,796,000 after acquiring an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after purchasing an additional 112,819 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares in the last quarter. Swedbank AB grew its position in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after purchasing an additional 13,179 shares during the last quarter. Finally, RWC Asset Management LLP grew its stake in Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after purchasing an additional 398,916 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KDP shares. TD Cowen reduced their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Argus initiated coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective on the stock. UBS Group boosted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper Stock Up 0.2 %

Shares of KDP traded up $0.09 during mid-day trading on Thursday, reaching $34.13. The company's stock had a trading volume of 8,248,888 shares, compared to its average volume of 10,453,159. The stock has a market cap of $46.35 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company's 50 day moving average is $34.21 and its 200 day moving average is $33.10.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly 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. The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares of the company's stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the business's 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 $110,998,993.14. The trade was a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,837,350 shares of company stock valued at $2,771,297,650 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

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.