Clarkston Capital Partners LLC Has $19.03 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Clarkston Capital Partners LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 592,517 shares of the company’s stock after acquiring an additional 3,715 shares during the period. Clarkston Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $19,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after buying an additional 22,856,757 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares during the period. State Street Corp increased its stake in shares of Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. Geode Capital Management LLC lifted its holdings in Keurig Dr Pepper by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock worth $784,974,000 after purchasing an additional 1,962,195 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock valued at $681,579,000 after buying an additional 8,363,192 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the topic of several research reports. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target on the stock. 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. Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised 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 reiterated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.38.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,409,350 shares of company stock valued at $2,756,709,930 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 5.1 %

KDP opened at $33.81 on Friday. The company has a market cap of $45.87 billion, a P/E ratio of 20.49, a PEG ratio of 2.42 and a beta of 0.54. 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’s 50 day moving average is $33.05 and its 200-day moving average is $33.45. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 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.