Keurig Dr Pepper Inc. (KDP)

Panagora Asset Management Inc. Sells 223,725 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Panagora Asset Management Inc. decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 74.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,487 shares of the company’s stock after selling 223,725 shares during the period. Panagora Asset Management Inc.’s holdings in Keurig Dr Pepper were worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors also recently bought and sold shares of KDP. FMR LLC raised its holdings in Keurig Dr Pepper by 12.9% in 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. Vanguard Group Inc. lifted its position in Keurig Dr Pepper by 7.2% during the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after acquiring an additional 5,490,242 shares during the last quarter. Barclays PLC boosted its stake in Keurig Dr Pepper by 65.8% in the third quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock valued at $137,240,000 after acquiring an additional 1,725,535 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Keurig Dr Pepper by 11.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after purchasing an additional 1,518,286 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Keurig Dr Pepper by 13.4% during the third quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock worth $384,304,000 after purchasing an additional 1,441,007 shares in the last quarter. Institutional investors own 85.23% of the company’s stock. Keurig Dr Pepper Stock Performance Shares of KDP stock opened at $33.75 on Monday. The stock has a market cap of $45.75 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $34.65. The business has a 50-day simple moving average of $31.59 and a 200-day simple moving average of $31.60. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. On average, equities analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year. Keurig Dr Pepper Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.215 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%. Analyst Ratings Changes KDP has been the topic of several research analyst reports. Wedbush dropped their target price 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. Royal Bank of Canada cut their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Barclays raised their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, TD Cowen boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.64. Check Out Our Latest Report on KDP Insider Buying and Selling In related news, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now owns 76,081 shares in the company, valued at $2,557,082.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,085,652 shares of company stock valued at $2,892,832,080. 1.00% of the stock is owned by corporate insiders. Keurig Dr Pepper Company Profile (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.