Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,407,812 shares of the company's stock after selling 498,055 shares during the quarter. King Luther Capital Management Corp owned about 0.10% of Keurig Dr Pepper worth $46,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Keurig Dr Pepper by 49.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company's stock valued at $48,880,000 after buying an additional 487,589 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Keurig Dr Pepper by 24.3% in the fourth quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company's stock valued at $86,820,000 after buying an additional 509,393 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $3,616,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Keurig Dr Pepper by 43.8% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company's stock valued at $36,624,000 after buying an additional 334,954 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Keurig Dr Pepper by 14.2% in the fourth quarter. Arizona State Retirement System now owns 294,833 shares of the company's stock valued at $9,824,000 after buying an additional 36,560 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 331,487,357 shares of the company's stock, valued at $9,579,984,617.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 $2,557,082.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,085,652 shares of company stock valued at $2,892,832,080. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Up 0.9 %

Shares of NASDAQ KDP traded up $0.31 during midday trading on Wednesday, hitting $34.27. The company's stock had a trading volume of 4,823,079 shares, compared to its average volume of 9,827,901. The business's fifty day simple moving average is $31.77 and its two-hundred day simple moving average is $31.64. The firm has a market capitalization of $46.46 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34.

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, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a yield of 2.51%. Keurig Dr Pepper's payout ratio is currently 55.48%.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada dropped their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a research report on Friday, February 23rd. Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating for the company in a research report on Monday, February 26th. Wedbush dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a research report on Monday, February 26th. Barclays boosted 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. Finally, TD Cowen raised their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a "hold" rating in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.64.

Keurig Dr Pepper Company 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.