Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 367,350 shares of the company's stock after selling 215,016 shares during the period. DekaBank Deutsche Girozentrale's holdings in Keurig Dr Pepper were worth $12,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KDP. OFI Invest Asset Management bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its position in Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company's stock valued at $28,000 after buying an additional 818 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in Keurig Dr Pepper in the 4th quarter valued at $34,000. Resurgent Financial Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter valued at $34,000. Finally, Ulland Investment Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter valued at $50,000. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KDP. Wedbush decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, February 26th. HSBC began coverage on Keurig Dr Pepper in a research report on Friday, December 22nd. They issued a "hold" rating and a $37.00 price objective on the stock. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, March 27th. Royal Bank of Canada cut their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, February 23rd. Finally, Barclays cut their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $36.27.

Keurig Dr Pepper Trading Down 1.2 %

Keurig Dr Pepper stock traded down $0.36 during mid-day trading on Wednesday, hitting $30.65. 7,752,490 shares of the company's stock were exchanged, compared to its average volume of 10,754,249. The firm has a market capitalization of $42.53 billion, a P/E ratio of 19.77, a PEG ratio of 2.34 and a beta of 0.66. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.99. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39. The company's 50 day simple moving average is $30.33 and its 200-day simple moving average is $31.05.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. On average, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, March 27th. Keurig Dr Pepper's payout ratio is presently 55.48%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares in the company, valued at approximately $1,101,057.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares of the company's stock, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,012,132 shares of company stock worth $2,890,354,861. Corporate insiders own 0.81% of the company's stock.

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.