Sei Investments Co. Purchases 187,792 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sei Investments Co. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 18.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,221,401 shares of the company’s stock after buying an additional 187,792 shares during the period. Sei Investments Co.’s holdings in Keurig Dr Pepper were worth $39,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after acquiring an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock valued at $10,400,000 after purchasing an additional 112,819 shares in the last quarter. Franklin Resources Inc. increased its stake in Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after buying an additional 41,466 shares during the last quarter. Swedbank AB lifted its position in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after buying an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP boosted its stake in shares of Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after buying an additional 398,916 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,397,350 shares of company stock valued at $2,756,292,570. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on KDP. Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Trading Up 0.9 %

Shares of NASDAQ:KDP opened at $33.85 on Tuesday. The stock has a market cap of $45.93 billion, a PE ratio of 20.52, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $29.86 and a 12-month high of $38.28. The business has a 50 day moving average of $32.50 and a 200-day moving average of $33.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.72%. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

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.