Banco Santander S.A. Buys Shares of 7,160 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Banco Santander S.A. purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,160 shares of the company’s stock, valued at approximately $230,000.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its position in Keurig Dr Pepper by 9.8% in the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after acquiring an additional 9,105,164 shares in the last quarter. State Street Corp lifted its stake in Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after purchasing an additional 4,970,467 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Keurig Dr Pepper by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock worth $841,886,000 after purchasing an additional 591,316 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company’s stock worth $488,463,000 after purchasing an additional 59,464 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Keurig Dr Pepper by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 7,304,769 shares of the company’s stock valued at $234,629,000 after purchasing an additional 342,715 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on KDP shares. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Keurig Dr Pepper Trading Down 2.4 %

KDP opened at $32.54 on Tuesday. Keurig Dr Pepper Inc. has a one year low of $28.62 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business has a 50 day simple moving average of $32.06 and a two-hundred day simple moving average of $33.82. The firm has a market capitalization of $44.15 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.83%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the purchase, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. Company insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

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.