RWC Asset Management LLP Invests $39.93 Million in Keurig Dr Pepper Inc. (NASDAQ:KDP)

RWC Asset Management LLP purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,198,500 shares of the company's stock, valued at approximately $39,934,000. Keurig Dr Pepper makes up about 2.4% of RWC Asset Management LLP's investment portfolio, making the stock its 12th biggest holding. RWC Asset Management LLP owned about 0.09% of Keurig Dr Pepper at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Achmea Investment Management B.V. raised its stake in 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 acquiring an additional 324 shares in the last quarter. Operose Advisors LLC raised its stake in 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 acquiring an additional 373 shares in the last quarter. Mckinley Capital Management LLC raised its stake in 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 acquiring an additional 470 shares in the last quarter. Dakota Wealth Management raised its stake in 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 acquiring an additional 483 shares in the last quarter. Finally, CX Institutional raised its stake in Keurig Dr Pepper by 6.2% during the third quarter. CX Institutional now owns 8,483 shares of the company's stock worth $268,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on KDP. Wedbush lowered their target price on 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. TD Cowen boosted their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a "hold" rating in a report on Friday. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 27th. Barclays boosted their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. Finally, Royal Bank of Canada reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a report on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $36.33.

Insider Transactions at Keurig Dr Pepper

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

Keurig Dr Pepper Trading Down 0.4 %

KDP stock traded down $0.12 during trading on Friday, hitting $33.72. The company had a trading volume of 9,684,878 shares, compared to its average volume of 8,656,274. The business has a 50-day moving average of $30.41 and a 200-day moving average of $31.08. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The stock has a market cap of $46.79 billion, a PE ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66. The company has a current ratio of 0.51, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts predict 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. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper's payout ratio is 55.48%.

Keurig Dr Pepper 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.