Bevco B.V. Jab Sells 83,950,000 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bevco B.V. Jab also recently made the following trade(s):

• On Wednesday, January 29th, Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.52 on Friday. The company has a market cap of $45.47 billion, a P/E ratio of 20.32, a PEG ratio of 2.42 and a beta of 0.61. 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 business has a 50-day moving average price of $31.93 and a two-hundred day moving average price of $33.93. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released 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 return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper in the third quarter valued at $25,000. New Age Alpha Advisors LLC increased its position in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after buying an additional 389 shares in the last quarter. LRI Investments LLC bought a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Keurig Dr Pepper in the fourth quarter worth approximately $42,000. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KDP. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research note on Tuesday. They set a “neutral” rating and a $35.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

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.