Capital World Investors Sells 16,305,980 Shares of Keurig Dr Pepper, Inc $KDP

Capital World Investors lessened its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,453,872 shares of the company’s stock after selling 16,305,980 shares during the quarter. Capital World Investors owned approximately 7.25% of Keurig Dr Pepper worth $2,757,825,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC lifted its holdings in shares of Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $31,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $30.53 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $41.54 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.39 and a beta of 0.41. The stock has a 50 day moving average of $28.00 and a 200 day moving average of $28.10. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the business posted $0.42 earnings per share. Keurig Dr Pepper’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research analyst reports. UBS Group increased their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company decreased their price target on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Evercore set a $30.00 price target on Keurig Dr Pepper in a research report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and a consensus price target of $31.57.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.