Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,602,781 shares of the company’s stock after acquiring an additional 5,646,179 shares during the period. Wellington Management Group LLP’s holdings in Keurig Dr Pepper were worth $1,946,561,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KDP. New Age Alpha Advisors LLC boosted its position in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the period. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper during the third quarter valued at about $35,000. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper in the fourth quarter worth about $37,000. Brooklyn Investment Group lifted its holdings in Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock worth $70,000 after purchasing an additional 554 shares during the period. Finally, R Squared Ltd bought a new position in Keurig Dr Pepper in the 4th quarter valued at about $70,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Down 1.5 %

NASDAQ:KDP opened at $33.74 on Monday. The stock has a fifty day simple moving average of $32.72 and a 200 day simple moving average of $33.52. The firm has a market capitalization of $45.78 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping 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 company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share 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. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 84,397,350 shares of company stock valued at $2,756,292,570 in the last three months. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KDP has been the topic of a number of recent analyst reports. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. 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, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

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.