158,923 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Purchased by Legacy CG LLC

Legacy CG LLC bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 158,923 shares of the company's stock, valued at approximately $5,295,000. Keurig Dr Pepper accounts for approximately 2.0% of Legacy CG LLC's investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also modified their holdings of the stock. American Century Companies Inc. grew its holdings in Keurig Dr Pepper by 14.1% in the first quarter. American Century Companies Inc. now owns 16,908 shares of the company's stock valued at $641,000 after purchasing an additional 2,093 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Keurig Dr Pepper by 18.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company's stock valued at $812,000 after purchasing an additional 3,263 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Keurig Dr Pepper by 11.9% in the first quarter. Private Advisor Group LLC now owns 15,904 shares of the company's stock valued at $603,000 after acquiring an additional 1,697 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Keurig Dr Pepper in the first quarter valued at $530,000. Finally, Yousif Capital Management LLC lifted its position in shares of Keurig Dr Pepper by 11.6% in the first quarter. Yousif Capital Management LLC now owns 16,053 shares of the company's stock valued at $608,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Activity

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares of the company's stock, valued at approximately $9,579,984,617.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company's stock in a transaction on 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 completion of the sale, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 12,132 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the sale, 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 ninety days, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Company insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

KDP has been the topic of several recent research reports. Royal Bank of Canada reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. HSBC started coverage on Keurig Dr Pepper in a report on Friday, December 22nd. They set a "hold" rating and a $37.00 target price on the stock. Wedbush cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Barclays lifted their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Morgan Stanley decreased their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.45.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.21 during trading on Monday, reaching $30.43. The company's stock had a trading volume of 10,276,778 shares, compared to its average volume of 10,678,816. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The business's fifty day moving average price is $30.27 and its 200-day moving average price is $31.01. The firm has a market cap of $42.22 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.99.

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

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.83%. 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.