Price T Rowe Associates Inc. MD Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Price T Rowe Associates Inc. MD lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 36.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,656,384 shares of the company's stock after purchasing an additional 14,473,054 shares during the quarter. Price T Rowe Associates Inc. MD owned 4.03% of Keurig Dr Pepper worth $1,755,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after buying an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of 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 valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after buying an additional 1,962,195 shares during the period. Invesco Ltd. grew its position in Keurig Dr Pepper by 19.6% in the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock worth $693,972,000 after acquiring an additional 3,539,463 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of 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 purchasing an additional 8,363,192 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.31 during mid-day trading on Monday, hitting $34.10. 4,129,200 shares of the stock were exchanged, compared to its average volume of 10,000,962. The stock has a market capitalization of $46.26 billion, a price-to-earnings ratio of 20.69, 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 stock's fifty day simple moving average is $34.13 and its two-hundred day simple moving average is $33.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. Keurig Dr Pepper's payout ratio is 83.64%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KDP. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Argus initiated coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. TD Cowen reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $36.00 to $42.00 in a report on Friday. Finally, UBS Group boosted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper 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.