Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 90,840,391 shares of the company’s stock after purchasing an additional 7,825,418 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Keurig Dr Pepper worth $2,786,075,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KDP. Russell Investments Group Ltd. increased its position in shares of Keurig Dr Pepper by 49.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock valued at $48,880,000 after acquiring an additional 487,589 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Keurig Dr Pepper by 254.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock valued at $2,941,000 after purchasing an additional 68,840 shares during the last quarter. Franklin Resources Inc. raised its position in Keurig Dr Pepper by 608.0% in the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after purchasing an additional 698,665 shares during the period. DAVENPORT & Co LLC lifted its stake in Keurig Dr Pepper by 24.3% during the fourth quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock worth $86,820,000 after purchasing an additional 509,393 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter worth $3,616,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 0.5 %

NASDAQ:KDP traded down $0.16 during trading hours on Friday, hitting $32.98. The company’s stock had a trading volume of 4,626,739 shares, compared to its average volume of 8,214,443. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.00. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $44.71 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 2.55 and a beta of 0.62. The stock has a fifty day moving average of $33.71 and a 200-day moving average of $32.07.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.34 EPS. On average, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a yield of 2.61%. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Wall Street Analyst Weigh In

KDP has been the topic of several research analyst reports. Barclays cut their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective for the company. UBS Group upped their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Insider Activity

In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares in the company, valued at $2,253,989.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the sale, the vice president now directly owns 76,081 shares of the company’s stock, valued at $2,557,082.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,520 shares of company stock worth $2,750,739. Corporate insiders own 1.00% of the company’s stock.

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.