Pitcairn Co. Has $1.82 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Pitcairn Co. lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 56,573 shares of the company’s stock after purchasing an additional 4,909 shares during the period. Pitcairn Co.’s holdings in Keurig Dr Pepper were worth $1,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after purchasing an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock valued at $10,400,000 after buying an additional 112,819 shares during the period. Franklin Resources Inc. increased its position in shares of Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after buying an additional 41,466 shares in the last quarter. Swedbank AB raised its stake in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after buying an additional 13,179 shares during the period. Finally, RWC Asset Management LLP lifted its holdings in Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after acquiring an additional 398,916 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total value of $408,600.00. Following the completion of the sale, the insider now owns 187,537 shares in the company, valued at approximately $6,385,634.85. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,409,350 shares of company stock worth $2,756,709,930 in the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KDP shares. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $40.00 in a report on Tuesday. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Finally, Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price for the company. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $38.38.

Keurig Dr Pepper Stock Performance

KDP opened at $35.63 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The business’s 50-day simple moving average is $33.00 and its 200 day simple moving average is $33.51. The firm has a market capitalization of $48.34 billion, a PE ratio of 21.59, a PEG ratio of 2.42 and a beta of 0.62. 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 announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

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.