Vanguard Group Inc. Purchases 818,426 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,014,973 shares of the company’s stock after purchasing an additional 818,426 shares during the quarter. Vanguard Group Inc. owned 5.98% of Keurig Dr Pepper worth $2,766,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $29,000. Bruce G. Allen Investments LLC bought a new stake in Keurig Dr Pepper in the 4th quarter valued at about $34,000. Ulland Investment Advisors LLC bought a new stake in Keurig Dr Pepper in the 4th quarter valued at about $50,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Keurig Dr Pepper by 79.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after purchasing an additional 715 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $55,000. 85.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated 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 owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated 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 owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the sale, the insider now owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,520 shares of company stock worth $2,750,739. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 1.9 %

Shares of NASDAQ KDP opened at $34.69 on Tuesday. The firm has a market cap of $47.02 billion, a PE ratio of 22.38, a P/E/G ratio of 2.57 and a beta of 0.62. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.00. The company’s fifty day simple moving average is $33.30 and its 200 day simple moving average is $31.97. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. Keurig Dr Pepper’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.48%. Keurig Dr Pepper’s payout ratio is 55.48%.

Wall Street Analyst Weigh In

KDP has been the subject of several analyst reports. Morgan Stanley dropped their target price on shares of 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. Barclays upped their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Royal Bank of Canada lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, Jefferies Financial Group lowered their price objective on shares of 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. Six investment 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.62.

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.