Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by United Services Automobile Association

United Services Automobile Association boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,992 shares of the company’s stock after purchasing an additional 2,295 shares during the quarter. United Services Automobile Association’s holdings in Keurig Dr Pepper were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in 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 period. Franklin Resources Inc. grew its position in Keurig Dr Pepper by 608.0% during the fourth quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock valued at $27,108,000 after acquiring an additional 698,665 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Keurig Dr Pepper by 24.3% in the fourth quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock worth $86,820,000 after buying an additional 509,393 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $3,616,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Keurig Dr Pepper by 43.8% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock worth $36,624,000 after buying an additional 334,954 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KDP. Wedbush decreased 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. Morgan Stanley cut their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Royal Bank of Canada cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Jefferies Financial Group cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Finally, Barclays upped their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.64.

Check Out Our Latest Report on Keurig Dr Pepper

Keurig Dr Pepper Stock Performance

KDP stock traded down $0.15 on Wednesday, reaching $33.56. The company’s stock had a trading volume of 303,997 shares, compared to its average volume of 9,620,337. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $34.65. The company has a market capitalization of $45.49 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. The firm has a fifty day moving average of $32.27 and a two-hundred day moving average of $31.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the purchase, the chief executive officer now owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the sale, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,093,652 shares of company stock valued at $2,893,105,600. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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