Robeco Institutional Asset Management B.V. Acquires 61,102 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Posted by Defense World Staff on Mar 17th, 2023

Robeco Institutional Asset Management B.V. increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 723,793 shares of the company’s stock after purchasing an additional 61,102 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Keurig Dr Pepper worth $25,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KDP. American Century Companies Inc. grew its stake in Keurig Dr Pepper by 14.1% in the first quarter. American Century Companies Inc. now owns 16,908 shares of the company’s stock worth $641,000 after purchasing an additional 2,093 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Keurig Dr Pepper by 18.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company’s stock worth $812,000 after purchasing an additional 3,263 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Keurig Dr Pepper by 11.9% during the first quarter. Private Advisor Group LLC now owns 15,904 shares of the company’s stock worth $603,000 after buying an additional 1,697 shares during the period. MetLife Investment Management LLC purchased a new stake in Keurig Dr Pepper during the first quarter worth $530,000. Finally, Yousif Capital Management LLC lifted its holdings in Keurig Dr Pepper by 11.6% during the first quarter. Yousif Capital Management LLC now owns 16,053 shares of the company’s stock worth $608,000 after buying an additional 1,669 shares during the period. Institutional investors own 52.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KDP. Barclays lowered their target price on Keurig Dr Pepper from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, February 27th. Citigroup began coverage on Keurig Dr Pepper in a report on Thursday, February 16th. They set a “neutral” rating and a $37.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, December 6th. Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and an average price target of $38.67.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $35.10 on Friday. Keurig Dr Pepper Inc. has a 12 month low of $33.35 and a 12 month high of $41.31. The stock has a fifty day moving average price of $35.17 and a 200-day moving average price of $36.63. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The firm has a market cap of $49.37 billion, a PE ratio of 34.75, a P/E/G ratio of 2.87 and a beta of 0.57.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Keurig Dr Pepper had a return on equity of 9.48% and a net margin of 10.22%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.78 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 14th. Investors of record on Friday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.28%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.21%.

Insider Buying and Selling

In related news, Director Mondelez International, Inc. sold 30,000,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $34.42, for a total value of $1,032,600,000.00. Following the completion of the transaction, the director now owns 45,543,005 shares in the company, valued at approximately $1,567,590,232.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Anthony Shoemaker purchased 5,297 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $34.82 per share, with a total value of $184,441.54. Following the transaction, the insider now owns 62,297 shares of the company’s stock, valued at $2,169,181.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mondelez International, Inc. sold 30,000,000 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $34.42, for a total value of $1,032,600,000.00. Following the sale, the director now directly owns 45,543,005 shares in the company, valued at $1,567,590,232.10. The disclosure for this sale can be found here. In the last 90 days, insiders bought 74,797 shares of company stock worth $2,609,558 and sold 30,127,700 shares worth $1,037,197,872. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Company Profile

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.