Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Position Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,114,474 shares of the company's stock after acquiring an additional 58,469 shares during the period. Victory Capital Management Inc. owned 0.22% of Keurig Dr Pepper worth $103,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. OFI Invest Asset Management bought a new position in shares of Keurig Dr Pepper in the third quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $34,000. Ulland Investment Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $50,000. Finally, Operose Advisors LLC raised its position in Keurig Dr Pepper by 28.7% in the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company's stock worth $53,000 after purchasing an additional 373 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Up 0.8 %

KDP stock traded up $0.27 during mid-day trading on Friday, reaching $33.83. 7,463,403 shares of the stock traded hands, compared to its average volume of 10,364,778. The business has a 50-day moving average price of $30.61 and a two-hundred day moving average price of $31.21. The stock has a market capitalization of $45.86 billion, a PE ratio of 21.66, a PEG ratio of 2.53 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders 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 yield of 2.54%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper's dividend payout ratio is presently 55.48%.

Insider Transactions at Keurig Dr Pepper

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 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 sale, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Keurig Dr Pepper news, CEO Robert James Gamgort bought 171,821 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares of the company's stock, valued at approximately $92,535,584.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the 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 completion of the sale, the insider now owns 331,487,357 shares of the company's stock, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Insiders have sold 100,085,652 shares of company stock worth $2,892,832,080 over the last 90 days. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KDP shares. Wedbush dropped their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, February 26th. Royal Bank of Canada decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a report on Friday, February 23rd. TD Cowen increased their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a "hold" rating in a research report on Friday, April 26th. Barclays raised their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Monday. Finally, Jefferies Financial Group lowered 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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $36.64.

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.