Gulf International Bank UK Ltd Has $2.64 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Gulf International Bank UK Ltd lowered its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,225 shares of the company’s stock after selling 758 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Keurig Dr Pepper were worth $2,641,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Keurig Dr Pepper by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 408,900 shares of the company’s stock valued at $13,134,000 after acquiring an additional 6,800 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Keurig Dr Pepper by 6.1% during the fourth quarter. New York Life Investment Management LLC now owns 165,934 shares of the company’s stock valued at $5,330,000 after acquiring an additional 9,503 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $37,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Keurig Dr Pepper by 6.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 96,549 shares of the company’s stock valued at $3,101,000 after acquiring an additional 6,054 shares during the period. Finally, Advisor OS LLC lifted its stake in shares of Keurig Dr Pepper by 21.8% during the fourth quarter. Advisor OS LLC now owns 24,630 shares of the company’s stock valued at $791,000 after acquiring an additional 4,410 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 0.3 %

Shares of Keurig Dr Pepper stock opened at $33.52 on Friday. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The business has a 50-day moving average of $31.93 and a two-hundred day moving average of $33.93. The company has a market capitalization of $45.47 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Analyst Ratings Changes

KDP has been the topic of several research reports. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday. Morgan Stanley upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday. Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday. They issued a “neutral” rating and a $35.00 price objective for the company. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now directly owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

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.