MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Lowers Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,321,054 shares of the company’s stock after selling 177,556 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Keurig Dr Pepper were worth $45,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after buying an additional 22,856,757 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after buying an additional 14,473,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock worth $681,579,000 after buying an additional 8,363,192 shares during the last quarter. Norges Bank purchased a new position in Keurig Dr Pepper in the 4th quarter worth about $197,819,000. Finally, Wellington Management Group LLP raised its position in Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the transaction, the insider now directly owns 166,511 shares in the company, valued at $5,791,252.58. This represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the transaction, the director now owns 3,054,490 shares of the company’s stock, valued at $103,730,480.40. The trade was a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 698,500 shares of company stock worth $23,591,400. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 0.4%

Shares of NASDAQ:KDP opened at $33.02 on Friday. The stock has a 50 day moving average of $33.90 and a 200 day moving average of $33.07. The company has a market cap of $44.85 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 83.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KDP shares. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Piper Sandler raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and upped their price target for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Argus began coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 price target for the company. Finally, Barclays upped their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.33.

Keurig Dr Pepper Company 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.