Goldman Sachs Group Inc. Increases Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Goldman Sachs Group Inc. boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,947,266 shares of the company’s stock after purchasing an additional 294,984 shares during the period. Goldman Sachs Group Inc. owned about 0.35% of Keurig Dr Pepper worth $164,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KDP. Kentucky Retirement Systems raised its stake in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after buying an additional 344 shares during the period. Operose Advisors LLC raised its stake in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after buying an additional 373 shares during the period. Mckinley Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 1.3% in the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after buying an additional 470 shares during the period. Czech National Bank raised its stake in shares of Keurig Dr Pepper by 0.3% in the fourth quarter. Czech National Bank now owns 176,335 shares of the company’s stock valued at $5,875,000 after buying an additional 502 shares during the period. Finally, US Bancorp DE raised its stake in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. US Bancorp DE now owns 121,107 shares of the company’s stock valued at $4,035,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.3 %

KDP opened at $34.63 on Friday. The business has a 50 day simple moving average of $32.92 and a two-hundred day simple moving average of $31.89. The firm has a market capitalization of $46.94 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.64 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.00.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. Keurig Dr Pepper’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. Analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,124,998 shares of company stock valued at $379,707,253. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KDP shares. Morgan Stanley lowered their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. TD Cowen boosted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Wedbush decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Finally, Royal Bank of Canada decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Get Our Latest Research Report on Keurig Dr Pepper

About Keurig Dr Pepper

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report).

Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.