Point72 Hong Kong Ltd Purchases New Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Point72 Hong Kong Ltd bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,173 shares of the company's stock, valued at approximately $552,000.

Several other hedge funds have also recently bought and sold shares of KDP. Vanguard Group Inc. lifted its stake in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after acquiring an additional 14,473,054 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after acquiring an additional 8,363,192 shares in the last quarter. Norges Bank acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $197,819,000. Finally, Wellington Management Group LLP lifted its stake in Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This trade represents a 38.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KDP shares. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays increased their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group increased their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper Stock Down 1.1%

Shares of NASDAQ KDP traded down $0.37 during midday trading on Thursday, hitting $33.23. 2,570,992 shares of the company's stock were exchanged, compared to its average volume of 10,522,389. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a market cap of $45.13 billion, a PE ratio of 20.17, a P/E/G ratio of 2.42 and a beta of 0.52. The firm's fifty day simple moving average is $34.26 and its 200-day simple moving average is $33.03.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. Research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.77%. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

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.