C WorldWide Group Holding A S Sells 15,764 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

C WorldWide Group Holding A S trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,368 shares of the company’s stock after selling 15,764 shares during the quarter. C WorldWide Group Holding A S’s holdings in Keurig Dr Pepper were worth $2,245,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KDP. FMR LLC increased its holdings in shares of Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after purchasing an additional 6,926,582 shares during the last quarter. Vanguard Group Inc. increased its stake in Keurig Dr Pepper by 7.2% during the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after acquiring an additional 5,490,242 shares during the last quarter. Barclays PLC increased its stake in Keurig Dr Pepper by 65.8% during the third quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock worth $137,240,000 after acquiring an additional 1,725,535 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Keurig Dr Pepper by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after acquiring an additional 1,518,286 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Keurig Dr Pepper by 13.4% during the third quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock worth $384,304,000 after acquiring an additional 1,441,007 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KDP. TD Cowen boosted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday. Barclays boosted their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Morgan Stanley dropped their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Finally, Wedbush dropped their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.33.

Keurig Dr Pepper Trading Down 0.4 %

NASDAQ:KDP traded down $0.12 during midday trading on Friday, hitting $33.72. The stock had a trading volume of 9,684,878 shares, compared to its average volume of 8,656,274. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66. The stock has a 50-day moving average of $30.41 and a 200 day moving average of $31.08. The company has a quick ratio of 0.25, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, CFO Priyadarshi Sudhanshu bought 85,910 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, with a total value of $2,499,981.00. Following the transaction, the chief financial officer now owns 218,566 shares of the company’s stock, valued at $6,360,270.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Keurig Dr Pepper news, CFO Priyadarshi Sudhanshu acquired 85,910 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the acquisition, the chief financial officer now owns 218,566 shares in the company, valued at approximately $6,360,270.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert S. Singer sold 12,132 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861. 0.81% of the stock is currently owned by corporate insiders.

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.