AlpInvest Partners B.V. Sells 1,995,202 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

AlpInvest Partners B.V. reduced its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,995,198 shares of the company's stock after selling 1,995,202 shares during the quarter. Keurig Dr Pepper comprises 15.2% of AlpInvest Partners B.V.'s investment portfolio, making the stock its biggest position. AlpInvest Partners B.V. owned about 0.14% of Keurig Dr Pepper worth $66,480,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. OFI Invest Asset Management purchased a new stake in Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its stake in Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company's stock worth $28,000 after purchasing an additional 818 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $34,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $34,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KDP has been the topic of several recent analyst reports. Morgan Stanley lowered their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Monday, February 26th. HSBC started coverage on shares of Keurig Dr Pepper in a report on Friday, December 22nd. They set a "hold" rating and a $37.00 price objective for the company. Wedbush dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, February 26th. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 27th. Finally, Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.45.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, CEO Robert James Gamgort acquired 171,821 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company's stock, valued at approximately $92,535,584.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the sale, the insider now owns 331,487,357 shares of the company's stock, valued at $9,579,984,617.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert James Gamgort bought 171,821 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now owns 3,179,917 shares of the company's stock, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 over the last 90 days. 0.81% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 1.9 %

NASDAQ:KDP traded down $0.60 during trading hours on Friday, reaching $30.22. The company's stock had a trading volume of 9,627,877 shares, compared to its average volume of 10,987,891. The firm has a 50-day simple moving average of $30.28 and a 200-day simple moving average of $31.02. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.99. The firm has a market capitalization of $41.93 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The firm had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper's dividend payout ratio is currently 55.48%.

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.