T. Rowe Price Investment Management Inc. Sells 55,824 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

T. Rowe Price Investment Management Inc. lowered its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 232,558 shares of the company's stock after selling 55,824 shares during the quarter. T. Rowe Price Investment Management Inc.'s holdings in Keurig Dr Pepper were worth $7,470,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after acquiring an additional 389 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper in the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at about $42,000. Brooklyn Investment Group boosted its position in Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after buying an additional 554 shares during the period. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $70,000. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on KDP. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, UBS Group boosted their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $39.33.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated 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 $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,837,350 shares of company stock worth $2,771,297,650. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Down 1.6 %

Shares of KDP stock traded down $0.55 during trading hours on Thursday, hitting $34.04. 9,511,634 shares of the company's stock traded hands, compared to its average volume of 10,064,967. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock's fifty day simple moving average is $34.19 and its two-hundred day simple moving average is $33.18. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The stock has a market cap of $46.23 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.70%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 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.