Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,363,687 shares of the company’s stock after selling 166,061 shares during the quarter. Alliancebernstein L.P.’s holdings in Keurig Dr Pepper were worth $43,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC increased its position in shares of Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after purchasing an additional 342 shares during the last quarter. Barden Capital Management Inc. increased its position in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock valued at $1,280,000 after acquiring an additional 353 shares during the last quarter. Custom Index Systems LLC increased its position in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after acquiring an additional 357 shares during the last quarter. First Hawaiian Bank raised its stake in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares during the period. Finally, New Age Alpha Advisors LLC lifted its holdings 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 worth $28,000 after acquiring an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on KDP. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Barclays set a $39.00 target price on Keurig Dr Pepper in a research note on Thursday, February 27th. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.38.

Keurig Dr Pepper Stock Down 5.1 %

Shares of Keurig Dr Pepper stock opened at $33.81 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a market capitalization of $45.87 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a 50 day moving average of $33.05 and a 200 day moving average of $33.45.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.72%. Keurig Dr Pepper’s payout ratio is currently 87.62%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the company’s 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 in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper 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.