Keurig Dr Pepper Inc. (NASDAQ:KDP) Stake Reduced by Capital International Investors

Capital International Investors trimmed its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 62.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,030,219 shares of the company’s stock after selling 11,603,452 shares during the quarter. Capital International Investors’ holdings in Keurig Dr Pepper were worth $225,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper during the fourth quarter worth $42,000. Brooklyn Investment Group raised its position in shares of 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 last quarter. Finally, R Squared Ltd acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $70,000. Institutional investors own 93.99% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 84,421,350 shares of company stock worth $2,757,137,010 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 0.9 %

Shares of KDP stock opened at $35.41 on Friday. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The firm has a 50 day moving average price of $33.82 and a two-hundred day moving average price of $33.25. 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 company has a market capitalization of $48.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 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 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. UBS Group boosted their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Argus began coverage on Keurig Dr Pepper in a research report on Wednesday. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.21.

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.