Natixis Has $4.71 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Natixis trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 60.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,582 shares of the company's stock after selling 224,415 shares during the quarter. Natixis' holdings in Keurig Dr Pepper were worth $4,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Arvest Bank Trust Division bought a new stake in Keurig Dr Pepper in the third quarter valued at $1,858,000. Wilmington Savings Fund Society FSB increased its holdings in shares of Keurig Dr Pepper by 441.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company's stock worth $3,559,000 after acquiring an additional 77,414 shares during the period. Tidal Investments LLC lifted its position in Keurig Dr Pepper by 26.5% in the 3rd quarter. Tidal Investments LLC now owns 237,887 shares of the company's stock valued at $8,916,000 after purchasing an additional 49,865 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $338,000. Finally, Franklin Resources Inc. boosted its stake in Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after purchasing an additional 41,466 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,421,350 shares of company stock worth $2,757,137,010. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KDP has been the subject of a number of analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. Argus initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.40.

Keurig Dr Pepper Trading Down 0.2 %

Shares of NASDAQ:KDP traded down $0.06 during mid-day trading on Friday, hitting $34.40. The stock had a trading volume of 9,610,834 shares, compared to its average volume of 10,023,835. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market cap of $46.67 billion, a PE ratio of 20.85, a P/E/G ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company's 50 day moving average is $34.13 and its 200-day moving average is $33.18.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. On average, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.67%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

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.