Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,323 shares of the company’s stock after selling 11,093 shares during the period. Keurig Dr Pepper makes up 1.8% of Kennon Green & Company LLC’s portfolio, making the stock its 23rd biggest position. Kennon Green & Company LLC’s holdings in Keurig Dr Pepper were worth $1,743,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $34,000. Ulland Investment Advisors LLC acquired a new position in Keurig Dr Pepper in the fourth quarter worth approximately $50,000. Finally, Operose Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 28.7% during the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after acquiring an additional 373 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the transaction, the insider now directly owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Keurig Dr Pepper news, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction on Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the transaction, the insider now owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock valued at $2,890,354,861 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded up $0.03 during midday trading on Monday, hitting $33.75. The company’s stock had a trading volume of 5,178,703 shares, compared to its average volume of 10,504,263. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. The stock has a market capitalization of $45.75 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.56 and a beta of 0.66. The stock’s 50 day simple moving average is $30.41 and its 200 day simple moving average is $31.10.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.55%. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Wall Street Analyst Weigh In

Several brokerages have commented on KDP. TD Cowen raised their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday. Morgan Stanley reduced their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Barclays lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday. Wedbush decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Finally, Jefferies Financial Group lowered their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.64.

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.