Daiwa Securities Group Inc. Lowers Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Daiwa Securities Group Inc. decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,893 shares of the company's stock after selling 24,481 shares during the period. Daiwa Securities Group Inc.'s holdings in Keurig Dr Pepper were worth $5,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. Achmea Investment Management B.V. increased its stake in shares of Keurig Dr Pepper by 0.8% during the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company's stock worth $1,226,000 after purchasing an additional 324 shares in the last quarter. Operose Advisors LLC increased its stake in shares of Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company's stock worth $53,000 after purchasing an additional 373 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Keurig Dr Pepper by 0.4% during the first quarter. Baird Financial Group Inc. now owns 92,573 shares of the company's stock worth $3,508,000 after purchasing an additional 401 shares in the last quarter. Mckinley Capital Management LLC increased its stake in shares of Keurig Dr Pepper by 1.3% during the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company's stock worth $1,129,000 after purchasing an additional 470 shares in the last quarter. Finally, Dakota Wealth Management increased its stake in shares of Keurig Dr Pepper by 2.3% during the third quarter. Dakota Wealth Management now owns 21,826 shares of the company's stock worth $689,000 after purchasing an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KDP shares. Wedbush cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Royal Bank of Canada cut their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. 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 research note on Wednesday, March 27th. Morgan Stanley dropped 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 research note on Monday, February 26th. Finally, HSBC began coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They set a "hold" rating and a $37.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average target price of $36.45.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Robert James Gamgort acquired 171,821 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost 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 in the company, valued at approximately $92,535,584.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the company's stock in a transaction that occurred on 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 $1,101,057.75. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 in the last ninety days. 0.81% of the stock is owned by insiders.

Keurig Dr Pepper Trading Up 1.2 %

NASDAQ:KDP traded up $0.37 on Friday, hitting $31.50. The stock had a trading volume of 8,631,636 shares, compared to its average volume of 9,501,287. 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 stock has a market cap of $43.71 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.37 and a beta of 0.66. The company has a fifty day moving average price of $30.25 and a two-hundred day moving average price of $31.00. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.99.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.73%. Keurig Dr Pepper's payout ratio is 55.48%.

About Keurig Dr Pepper

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.