Kayne Anderson Rudnick Investment Management LLC Decreases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Kayne Anderson Rudnick Investment Management LLC reduced its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,128 shares of the company’s stock after selling 9,059 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Keurig Dr Pepper were worth $3,216,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC raised its position in shares of 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 purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper during the 4th quarter valued at $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper during the 4th quarter worth $42,000. Brooklyn Investment Group raised its stake in shares of Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after purchasing an additional 554 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $70,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 0.3 %

KDP stock opened at $35.31 on Tuesday. The firm’s 50-day moving average is $33.89 and its two-hundred day moving average is $33.22. 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 has a market capitalization of $47.91 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company posted $0.55 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research analyst reports. Argus initiated coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday, February 27th. TD Cowen lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Piper Sandler raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.21.

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.