26,447 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by Cerity Partners LLC

Cerity Partners LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,447 shares of the company’s stock, valued at approximately $881,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after buying an additional 5,490,242 shares during the last quarter. FMR LLC increased its position in shares of Keurig Dr Pepper by 12.9% during the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after purchasing an additional 6,926,582 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Keurig Dr Pepper by 2.3% during the third quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after purchasing an additional 953,639 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Keurig Dr Pepper by 11.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after purchasing an additional 1,518,286 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Keurig Dr Pepper by 1.0% in the 3rd quarter. Invesco Ltd. now owns 14,774,908 shares of the company’s stock valued at $466,444,000 after purchasing an additional 151,368 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now directly owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Priyadarshi Sudhanshu purchased 85,910 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, with a total value of $2,499,981.00. Following the completion of the transaction, the chief financial officer now owns 218,566 shares of the company’s stock, valued at approximately $6,360,270.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 in the last 90 days. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Barclays raised their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Wedbush decreased their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Jefferies Financial Group dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.45.

Keurig Dr Pepper Stock Up 0.8 %

Shares of NASDAQ KDP opened at $31.76 on Tuesday. The stock has a market capitalization of $44.07 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.66. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.99. The firm has a 50-day moving average price of $30.26 and a 200 day moving average price of $31.01. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

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.