UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 1,258,062 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,260,957 shares of the company’s stock after acquiring an additional 1,258,062 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Keurig Dr Pepper were worth $297,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voloridge Investment Management LLC bought a new position in Keurig Dr Pepper in the fourth quarter worth approximately $14,406,000. Waverly Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 42.2% in the 4th quarter. Waverly Advisors LLC now owns 18,470 shares of the company’s stock worth $593,000 after buying an additional 5,478 shares during the period. Worldquant Millennium Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth $6,454,000. Woodline Partners LP purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $2,172,000. Finally, Vident Advisory LLC raised its holdings in shares of Keurig Dr Pepper by 23.5% in the fourth quarter. Vident Advisory LLC now owns 14,391 shares of the company’s stock valued at $462,000 after acquiring an additional 2,740 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $33.59 on Thursday. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a market cap of $45.62 billion, a PE ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The business has a 50-day simple moving average of $34.26 and a two-hundred day simple moving average of $33.03.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. As a group, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper’s payout ratio is currently 83.64%.

Insider Transactions at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total value of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at approximately $6,385,634.85. This represents a 6.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KDP. Barclays increased their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. Royal Bank of Canada reissued an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. UBS Group upped their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Argus assumed coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted 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, February 26th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

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.