ING Groep NV Decreases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

ING Groep NV decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 315,936 shares of the company's stock after selling 54,606 shares during the period. ING Groep NV's holdings in Keurig Dr Pepper were worth $10,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of 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 acquiring an additional 6,926,582 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 period. Barclays PLC raised its stake in Keurig Dr Pepper by 65.8% during the 3rd quarter. Barclays PLC now owns 4,347,111 shares of the company's stock worth $137,240,000 after buying an additional 1,725,535 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Keurig Dr Pepper by 11.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company's stock worth $506,899,000 after acquiring an additional 1,518,286 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Keurig Dr Pepper by 13.4% in the third quarter. Northern Trust Corp now owns 12,173,081 shares of the company's stock valued at $384,304,000 after acquiring an additional 1,441,007 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KDP. Morgan Stanley lowered their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Monday, February 26th. Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, February 23rd. Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 27th. 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 research report on Monday, April 29th. Finally, Wedbush decreased their price objective 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.64.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded down $0.39 during mid-day trading on Friday, reaching $33.75. 6,118,874 shares of the company's stock were exchanged, compared to its average volume of 7,585,616. The business's fifty day simple moving average is $31.59 and its 200 day simple moving average is $31.60. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The firm has a market capitalization of $45.75 billion, a PE ratio of 21.77, a P/E/G ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be 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 is Friday, June 28th. Keurig Dr Pepper's dividend payout ratio is currently 55.48%.

Insider Buying and Selling

In other news, insider Roger Frederick Johnson sold 31,227 shares of the company's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now owns 100,000 shares of the company's stock, valued at approximately $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Patrick Minogue sold 17,293 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total value of $580,871.87. Following the sale, the insider now directly owns 67,103 shares of the company's stock, valued at $2,253,989.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares of the company's stock, valued at $3,382,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,085,652 shares of company stock valued at $2,892,832,080. 0.81% of the stock is owned by company insiders.

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.