Bahl & Gaynor Inc. Sells 163,527 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bahl & Gaynor Inc. trimmed its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,142,883 shares of the company’s stock after selling 163,527 shares during the period. Bahl & Gaynor Inc.’s holdings in Keurig Dr Pepper were worth $133,069,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in Keurig Dr Pepper by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,608,629 shares of the company’s stock worth $212,269,000 after purchasing an additional 601,080 shares during the period. State of Michigan Retirement System lifted its position in Keurig Dr Pepper by 6.1% during the 4th quarter. State of Michigan Retirement System now owns 305,600 shares of the company’s stock valued at $9,816,000 after purchasing an additional 17,500 shares during the period. Plato Investment Management Ltd boosted its stake in shares of Keurig Dr Pepper by 39.1% in the 4th quarter. Plato Investment Management Ltd now owns 70,185 shares of the company’s stock valued at $2,263,000 after purchasing an additional 19,739 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Keurig Dr Pepper by 96.8% during the 4th quarter. Jones Financial Companies Lllp now owns 13,765 shares of the company’s stock worth $442,000 after buying an additional 6,769 shares during the period. Finally, Modera Wealth Management LLC raised its stake in shares of Keurig Dr Pepper by 6.8% during the fourth quarter. Modera Wealth Management LLC now owns 91,969 shares of the company’s stock worth $2,954,000 after buying an additional 5,818 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $34.13 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a 52 week low of $28.62 and a 52 week high of $38.28. The company’s 50 day moving average price is $31.97 and its two-hundred day moving average price is $33.90. The company has a market capitalization of $46.31 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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 company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared 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 of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 87.62%.

Insider Transactions at Keurig Dr Pepper

In other 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 shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KDP. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen reduced 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. Morgan Stanley upped their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

About Keurig Dr Pepper

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.