Prudential Financial Inc. Acquires 179,067 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Prudential Financial Inc. increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,435,311 shares of the company’s stock after acquiring an additional 179,067 shares during the quarter. Prudential Financial Inc. owned approximately 0.25% of Keurig Dr Pepper worth $110,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KDP. Raymond James Trust N.A. boosted its stake in Keurig Dr Pepper by 4.6% in the third quarter. Raymond James Trust N.A. now owns 18,082 shares of the company’s stock valued at $678,000 after acquiring an additional 798 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Keurig Dr Pepper by 13.7% in the 3rd quarter. Cerity Partners LLC now owns 142,822 shares of the company’s stock worth $5,353,000 after purchasing an additional 17,172 shares during the period. Swedbank AB lifted its stake in Keurig Dr Pepper by 57.7% in the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock valued at $27,504,000 after purchasing an additional 268,555 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Keurig Dr Pepper by 9.9% during the third quarter. Summit Trail Advisors LLC now owns 20,493 shares of the company’s stock valued at $773,000 after purchasing an additional 1,854 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Keurig Dr Pepper by 12.4% in the third quarter. Daiwa Securities Group Inc. now owns 217,905 shares of the company’s stock worth $8,167,000 after buying an additional 23,957 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the sale, the insider now owns 178,511 shares of the company’s stock, valued at $5,960,482.29. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,397,350 shares of company stock valued at $2,756,292,570 in the last quarter. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 0.9 %

Keurig Dr Pepper stock opened at $33.85 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a fifty-two week low of $29.86 and a fifty-two week high of $38.28. The stock has a market cap of $45.93 billion, a P/E ratio of 20.52, a PEG ratio of 2.42 and a beta of 0.62. The firm’s fifty day moving average price is $32.50 and its 200-day moving average price is $33.61.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

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.