Robeco Institutional Asset Management B.V. Grows Stock Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 51.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,074,370 shares of the company’s stock after buying an additional 364,538 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Keurig Dr Pepper worth $36,765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after buying an additional 22,856,757 shares during the period. Wellington Management Group LLP grew 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 valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $1,755,564,000 after acquiring an additional 14,473,054 shares during the last quarter. Geode Capital Management LLC grew its position in Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock valued at $784,974,000 after acquiring an additional 1,962,195 shares during the last quarter. Finally, Invesco Ltd. grew its position in Keurig Dr Pepper by 19.6% in the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock valued at $693,972,000 after acquiring an additional 3,539,463 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $32.85 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The stock’s 50-day moving average is $33.53 and its 200 day moving average is $33.09. The company has a market cap of $44.62 billion, a P/E ratio of 29.86, a PEG ratio of 2.55 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.47 and a quick ratio of 0.31.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share 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. Investors of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper’s payout ratio is currently 83.64%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the sale, the insider now owns 154,511 shares of the company’s stock, valued at $5,499,046.49. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the sale, the vice president now owns 62,411 shares of the company’s stock, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 698,500 shares of company stock valued at $23,594,400 over the last quarter. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. UBS Group upped their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Finally, Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $39.92.

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.