Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,953,229 shares of the company’s stock after selling 423,222 shares during the period. Bahl & Gaynor Inc. owned about 0.35% of Keurig Dr Pepper worth $165,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bryn Mawr Capital Management LLC lifted its position in shares of Keurig Dr Pepper by 192.2% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 29,926 shares of the company’s stock valued at $997,000 after acquiring an additional 19,684 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Keurig Dr Pepper by 13.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 563,679 shares of the company’s stock valued at $18,782,000 after acquiring an additional 65,081 shares during the period. Syon Capital LLC acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $269,000. Meritage Portfolio Management lifted its position in shares of Keurig Dr Pepper by 53.5% during the 4th quarter. Meritage Portfolio Management now owns 140,415 shares of the company’s stock valued at $4,679,000 after acquiring an additional 48,946 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Keurig Dr Pepper by 24.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,249 shares of the company’s stock valued at $741,000 after acquiring an additional 4,367 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Down 0.4 %

KDP stock opened at $33.72 on Friday. The stock has a market capitalization of $46.79 billion, a P/E ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The company has a 50 day moving average price of $30.41 and a two-hundred day moving average price of $31.08.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Wedbush dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Barclays raised 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 dropped their price objective 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, Morgan Stanley dropped their price objective on shares of 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.33.

Insider Activity

In other news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of Keurig Dr Pepper stock in a transaction on 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 approximately $9,579,984,617.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 in the last ninety days. Company insiders own 0.81% 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.