Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Holdings Lifted by abrdn plc

abrdn plc increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,869,431 shares of the company’s stock after acquiring an additional 150,031 shares during the quarter. abrdn plc owned approximately 0.13% of Keurig Dr Pepper worth $62,289,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in Keurig Dr Pepper by 99,740.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after purchasing an additional 324,589,570 shares during the last quarter. Norges Bank acquired a new position in Keurig Dr Pepper during the 4th quarter valued at about $276,547,000. FMR LLC raised its position in shares of Keurig Dr Pepper by 12.9% during the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after buying an additional 6,926,582 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Keurig Dr Pepper by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after acquiring an additional 5,490,242 shares during the period. Finally, Phoenix Holdings Ltd. bought a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $62,524,000. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Up 1.2 %

KDP opened at $31.50 on Monday. The firm has a market cap of $43.71 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The business has a 50 day moving average price of $30.25 and a 200 day moving average price of $31.00. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. Keurig Dr Pepper’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now 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 the SEC website. In related news, CFO Priyadarshi Sudhanshu acquired 85,910 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $29.10 per share, with a total value of $2,499,981.00. Following the acquisition, the chief financial officer now owns 218,566 shares of the company’s stock, valued at approximately $6,360,270.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley decreased their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Royal Bank of Canada dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Barclays lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Jefferies Financial Group cut 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. Finally, Wedbush decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.45.

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.