TCW Group Inc. Raises Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

TCW Group Inc. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 769,354 shares of the company's stock after buying an additional 188,936 shares during the period. TCW Group Inc. owned 0.06% of Keurig Dr Pepper worth $25,635,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KDP. Allworth Financial LP raised its stake in Keurig Dr Pepper by 52.5% during the 3rd quarter. Allworth Financial LP now owns 1,696 shares of the company's stock valued at $54,000 after purchasing an additional 584 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $245,000. Private Advisor Group LLC lifted its holdings in shares of Keurig Dr Pepper by 21.7% during the 3rd quarter. Private Advisor Group LLC now owns 8,941 shares of the company's stock worth $282,000 after acquiring an additional 1,592 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper by 0.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 277,119 shares of the company's stock worth $8,749,000 after acquiring an additional 2,162 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Keurig Dr Pepper by 80.8% during the 3rd quarter. Signaturefd LLC now owns 10,474 shares of the company's stock worth $331,000 after acquiring an additional 4,682 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating for the company in a report on Monday, February 26th. Wedbush reduced their price objective on shares of 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 cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a report on Friday, February 23rd. Barclays lifted 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, April 29th. Finally, Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $36.64.

Insider Buying and Selling

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company's 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 $9,579,984,617.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company's 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 $9,579,984,617.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert James Gamgort bought 171,821 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the acquisition, the chief executive officer now directly owns 3,179,917 shares of the company's stock, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold 100,085,652 shares of company stock valued at $2,892,832,080 over the last quarter. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.29 on Thursday, hitting $33.98. The company's stock had a trading volume of 4,483,457 shares, compared to its average volume of 9,774,458. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. The stock's 50 day moving average is $31.98 and its 200-day moving average is $31.67. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The company has a market capitalization of $46.06 billion, a PE ratio of 21.92, a PEG ratio of 2.57 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released 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 business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Keurig Dr Pepper's revenue was up 3.4% compared to the same quarter last year. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.53%. Keurig Dr Pepper's dividend payout ratio is 55.48%.

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.