Gulf International Bank UK Ltd Has $2.64 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Gulf International Bank UK Ltd reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 82,225 shares of the company’s stock after selling 758 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Keurig Dr Pepper were worth $2,641,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. FMR LLC lifted its holdings in Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp lifted its holdings in Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after purchasing an additional 4,970,467 shares during the last quarter. National Bank of Canada FI lifted its holdings in Keurig Dr Pepper by 394.3% in the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after purchasing an additional 1,956,138 shares during the last quarter. King Luther Capital Management Corp increased its position in Keurig Dr Pepper by 125.5% in the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock worth $51,679,000 after buying an additional 767,298 shares during the period. Finally, Suvretta Capital Management LLC bought a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $26,352,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

KDP opened at $33.52 on Friday. The stock’s 50 day simple moving average is $31.93 and its 200-day simple moving average is $33.93. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a market cap of $45.47 billion, a PE ratio of 20.32, a P/E/G ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is 55.76%.

Analyst Ratings Changes

KDP has been the topic of several recent analyst reports. Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday. TD Cowen dropped their price target on 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. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Insider Activity 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 on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

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.