Boston Partners Sells 30,407 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Boston Partners cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,474,028 shares of the company’s stock after selling 30,407 shares during the quarter. Boston Partners owned 0.18% of Keurig Dr Pepper worth $79,455,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KDP. FMR LLC increased its stake in Keurig Dr Pepper by 9.8% in the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after acquiring an additional 9,105,164 shares during the last quarter. State Street Corp boosted its position in Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after buying an additional 4,970,467 shares in the last quarter. National Bank of Canada FI boosted its position in Keurig Dr Pepper by 394.3% in the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after buying an additional 1,956,138 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $57,995,000. Finally, OFI Invest Asset Management acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $38,629,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Down 0.4 %

KDP opened at $33.47 on Thursday. Keurig Dr Pepper Inc. has a 1-year low of $29.29 and a 1-year high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $45.41 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The company has a fifty day moving average price of $32.33 and a two-hundred day moving average price of $33.70.

Keurig Dr Pepper (NASDAQ:KDP) last posted 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 net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS 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. This represents a $0.92 annualized dividend and a yield of 2.75%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

Analyst Ratings Changes

KDP has been the topic of a number of research analyst reports. TD Cowen cut 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 research report on Wednesday, January 8th. Morgan Stanley raised their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the sale, the insider now directly owns 187,537 shares of the company’s stock, valued at $6,385,634.85. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. Corporate insiders own 1.00% of the company’s stock.

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.