Los Angeles Capital Management LLC Sells 168,615 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Los Angeles Capital Management LLC decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 60.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,103 shares of the company's stock after selling 168,615 shares during the period. Los Angeles Capital Management LLC's holdings in Keurig Dr Pepper were worth $3,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Russell Investments Group Ltd. grew its position in shares of Keurig Dr Pepper by 49.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company's stock worth $48,880,000 after buying an additional 487,589 shares in the last quarter. DAVENPORT & Co LLC increased its position in Keurig Dr Pepper by 24.3% during the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company's stock valued at $86,820,000 after purchasing an additional 509,393 shares during the period. Arizona State Retirement System raised its holdings in shares of Keurig Dr Pepper by 14.2% in the 4th quarter. Arizona State Retirement System now owns 294,833 shares of the company's stock valued at $9,824,000 after purchasing an additional 36,560 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Keurig Dr Pepper by 43.8% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company's stock worth $36,624,000 after purchasing an additional 334,954 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Keurig Dr Pepper by 1.9% during the fourth quarter. Victory Capital Management Inc. now owns 3,114,474 shares of the company's stock valued at $103,774,000 after purchasing an additional 58,469 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 0.8 %

Shares of NASDAQ KDP traded down $0.27 during midday trading on Monday, hitting $33.56. The company's stock had a trading volume of 5,029,640 shares, compared to its average volume of 10,303,456. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a market capitalization of $45.49 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. The business's fifty day simple moving average is $30.68 and its two-hundred day simple moving average is $31.28. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.41 billion. During the same quarter last year, the company posted $0.34 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors 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 2.56%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.48%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KDP shares. 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 report on Monday, February 26th. TD Cowen raised their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a "hold" rating in a report on Friday, April 26th. Morgan Stanley dropped their price objective on shares of 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. Royal Bank of Canada reduced their target price on 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. Finally, Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 29th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $36.64.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert James Gamgort purchased 171,821 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the purchase, 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 available at this hyperlink. Also, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the sale, the vice president now directly owns 76,081 shares in the company, valued at $2,557,082.41. The disclosure for this sale can be found here. Insiders sold 100,085,652 shares of company stock worth $2,892,832,080 over the last 90 days. Corporate insiders own 0.81% of the company's stock.

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.