88,386 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 88,386 shares of the company’s stock, valued at approximately $2,839,000.

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC increased its stake in shares of Keurig Dr Pepper by 4.1% in the 3rd quarter. Caprock Group LLC now owns 22,948 shares of the company’s stock worth $866,000 after purchasing an additional 897 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Keurig Dr Pepper by 11.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 68,847 shares of the company’s stock worth $2,581,000 after purchasing an additional 6,972 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $2,513,000. PNC Financial Services Group Inc. increased its stake in shares of Keurig Dr Pepper by 11.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 158,365 shares of the company’s stock worth $5,936,000 after purchasing an additional 15,779 shares in the last quarter. Finally, West Family Investments Inc. purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $310,000. 93.99% of the stock is currently owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the transaction, the insider now directly owns 187,537 shares of the company’s stock, valued at $6,385,634.85. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,385,350 shares of company stock valued at $2,755,891,890 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on KDP. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Stock Performance

KDP opened at $33.47 on Thursday. The stock has a market capitalization of $45.41 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.42 and a beta of 0.62. The company has a fifty day moving average of $32.33 and a 200 day moving average of $33.70. Keurig Dr Pepper Inc. has a fifty-two week low of $29.29 and a fifty-two week high of $38.28. 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 (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $4.07 billion for 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%. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm 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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

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.