Natixis Sells 224,415 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Natixis reduced its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 60.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 146,582 shares of the company’s stock after selling 224,415 shares during the period. Natixis’ holdings in Keurig Dr Pepper were worth $4,708,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KDP. Norinchukin Bank The lifted its holdings in Keurig Dr Pepper by 11.2% during the 4th quarter. Norinchukin Bank The now owns 60,463 shares of the company’s stock valued at $1,942,000 after purchasing an additional 6,102 shares during the last quarter. Capital International Inc. CA boosted its holdings in shares of Keurig Dr Pepper by 28.0% during the fourth quarter. Capital International Inc. CA now owns 580,690 shares of the company’s stock worth $18,652,000 after acquiring an additional 127,183 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Keurig Dr Pepper by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company’s stock valued at $318,836,000 after purchasing an additional 1,548,622 shares during the last quarter. First Trust Advisors LP grew its position in shares of Keurig Dr Pepper by 8.1% in the fourth quarter. First Trust Advisors LP now owns 2,470,744 shares of the company’s stock valued at $79,360,000 after purchasing an additional 184,295 shares during the last quarter. Finally, Forum Financial Management LP increased its position in Keurig Dr Pepper by 69.3% during the 4th quarter. Forum Financial Management LP now owns 23,409 shares of the company’s stock worth $752,000 after buying an additional 9,580 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 0.3 %

Shares of NASDAQ:KDP opened at $35.31 on Tuesday. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business’s 50-day moving average is $33.89 and its 200-day moving average is $33.22. The company has a market capitalization of $47.91 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP) last released its 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. The company had revenue of $4.07 billion for 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%. Keurig Dr Pepper’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.61%. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KDP shares. TD Cowen lowered their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.21.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 134,113,479 shares of the company’s stock, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010 over the last ninety days. 1.00% of the stock is owned by company insiders.

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.