Siemens Fonds Invest GmbH Purchases 12,475 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Siemens Fonds Invest GmbH grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,974 shares of the company's stock after purchasing an additional 12,475 shares during the period. Siemens Fonds Invest GmbH's holdings in Keurig Dr Pepper were worth $2,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP grew its holdings in Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after purchasing an additional 5,646,179 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after buying an additional 14,473,054 shares during the period. Geode Capital Management LLC grew its stake in shares of Keurig Dr Pepper by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after acquiring an additional 1,962,195 shares during the period. Finally, Invesco Ltd. raised its stake in Keurig Dr Pepper by 19.6% during the 4th 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. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on KDP. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Argus began coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Four investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Keurig Dr Pepper Price Performance

KDP traded down $0.48 during trading hours on Thursday, hitting $33.12. The company's stock had a trading volume of 3,108,025 shares, compared to its average volume of 13,043,228. The stock has a market cap of $44.98 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 2.42 and a beta of 0.52. The business's 50-day moving average price is $34.26 and its 200-day moving average price is $33.03. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating 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 firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the firm earned $0.38 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders 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 yield of 2.78%. Keurig Dr Pepper's payout ratio is 83.64%.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the sale, the vice president now directly owns 62,411 shares of the company's stock, valued at $2,136,952.64. This represents a 18.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the sale, the insider now directly owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. The trade was a 38.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. 0.40% of the stock is currently owned by insiders.

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.