River Road Asset Management LLC Sells 390,589 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

River Road Asset Management LLC trimmed its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,306,661 shares of the company's stock after selling 390,589 shares during the period. River Road Asset Management LLC owned 0.09% of Keurig Dr Pepper worth $43,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KDP. Moneta Group Investment Advisors LLC boosted its position in Keurig Dr Pepper by 99,740.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company's stock worth $11,586,469,000 after purchasing an additional 324,589,570 shares during the period. Norges Bank purchased a new stake in Keurig Dr Pepper during the 4th quarter worth $276,547,000. FMR LLC boosted its position in Keurig Dr Pepper by 12.9% in the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company's stock valued at $1,915,731,000 after buying an additional 6,926,582 shares during the last quarter. Vanguard Group Inc. boosted its position in Keurig Dr Pepper by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company's stock valued at $2,594,945,000 after buying an additional 5,490,242 shares during the last quarter. Finally, Phoenix Holdings Ltd. purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at about $62,524,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on KDP. Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. Morgan Stanley decreased their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating for the company in a report on Monday, February 26th. Wedbush decreased 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. HSBC initiated coverage on shares of Keurig Dr Pepper in a report on Friday, December 22nd. They set a "hold" rating and a $37.00 target price for the company. Finally, Barclays raised their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.45.

Keurig Dr Pepper Trading Up 1.4 %

Keurig Dr Pepper stock traded up $0.44 during midday trading on Wednesday, reaching $30.88. The stock had a trading volume of 10,021,124 shares, compared to its average volume of 10,665,125. The firm's fifty day simple moving average is $30.25 and its two-hundred day simple moving average is $31.00. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The firm has a market cap of $42.85 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.31 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the business posted $0.50 EPS. The company's revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.78%. Keurig Dr Pepper's payout ratio is 55.48%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this link. In other Keurig Dr Pepper news, CEO Robert James Gamgort purchased 171,821 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the acquisition, the chief executive officer now owns 3,179,917 shares of the company's stock, valued at $92,535,584.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the transaction, the insider now owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The disclosure for this sale can be found here. Insiders sold a total of 100,012,132 shares of company stock worth $2,890,354,861 in the last quarter. 0.81% of the stock is currently owned by corporate insiders.

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.