Schroder Investment Management Group Has $22.65 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Schroder Investment Management Group boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 87.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 708,669 shares of the company’s stock after buying an additional 330,153 shares during the period. Schroder Investment Management Group owned about 0.05% of Keurig Dr Pepper worth $22,649,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC lifted its position in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the third quarter valued at $35,000. Whipplewood Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $37,000. Brooklyn Investment Group grew its holdings in shares of Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after buying an additional 554 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Keurig Dr Pepper during the fourth quarter valued at $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

KDP opened at $35.14 on Thursday. 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 company has a market cap of $47.68 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The stock has a 50-day moving average of $32.91 and a 200-day moving average of $33.49. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. As a group, equities research 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 company also recently announced 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. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.62%. Keurig Dr Pepper’s payout ratio is presently 87.62%.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the transaction, the insider now owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. The trade was a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 134,113,479 shares of the company’s stock, valued at approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,397,350 shares of company stock worth $2,756,292,570 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research report on Thursday, February 27th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen cut their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $40.00 in a report on Tuesday. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.38.

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.