Stifel Financial Corp Has $6.56 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Stifel Financial Corp reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 43.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,358 shares of the company's stock after selling 154,306 shares during the period. Stifel Financial Corp's holdings in Keurig Dr Pepper were worth $6,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. State of Tennessee Department of Treasury lifted its holdings in shares of Keurig Dr Pepper by 8.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 361,297 shares of the company's stock worth $11,605,000 after acquiring an additional 28,897 shares during the period. Tower Research Capital LLC TRC lifted its stake in Keurig Dr Pepper by 190.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 133,204 shares of the company's stock worth $4,279,000 after purchasing an additional 87,376 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Keurig Dr Pepper by 10.8% in the 4th quarter. MML Investors Services LLC now owns 50,367 shares of the company's stock valued at $1,618,000 after purchasing an additional 4,928 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Keurig Dr Pepper by 8.3% in the 4th quarter. MetLife Investment Management LLC now owns 297,892 shares of the company's stock valued at $9,568,000 after purchasing an additional 22,810 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of Keurig Dr Pepper by 11.2% during the 4th quarter. Norinchukin Bank The now owns 60,463 shares of the company's stock worth $1,942,000 after buying an additional 6,102 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at approximately $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction dated 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 transaction, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,837,350 shares of company stock valued at $2,771,297,650 in the last ninety days. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Up 1.1 %

KDP stock traded up $0.37 during trading on Friday, hitting $34.41. The company had a trading volume of 38,558,939 shares, compared to its average volume of 10,220,079. The stock has a market cap of $46.73 billion, a PE ratio of 20.85, a PEG ratio of 2.42 and a beta of 0.54. The business has a 50-day moving average of $34.17 and a 200-day moving average of $33.12. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28.

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 analysts' consensus estimates 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 company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm posted $0.38 EPS. The company's quarterly revenue was up 4.8% on a year-over-year basis. Research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group lifted 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. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Barclays boosted their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. increased 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. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Four equities 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.