United Services Automobile Association Acquires 941 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

United Services Automobile Association increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,889 shares of the company’s stock after acquiring an additional 941 shares during the quarter. United Services Automobile Association’s holdings in Keurig Dr Pepper were worth $767,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KDP. Raymond James Trust N.A. increased its stake in shares of Keurig Dr Pepper by 4.6% during the 3rd quarter. Raymond James Trust N.A. now owns 18,082 shares of the company’s stock worth $678,000 after purchasing an additional 798 shares during the last quarter. Cerity Partners LLC increased its position in Keurig Dr Pepper by 13.7% in the third quarter. Cerity Partners LLC now owns 142,822 shares of the company’s stock worth $5,353,000 after buying an additional 17,172 shares during the last quarter. Swedbank AB raised its stake in shares of Keurig Dr Pepper by 57.7% in the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock valued at $27,504,000 after buying an additional 268,555 shares during the period. Summit Trail Advisors LLC lifted its position in shares of Keurig Dr Pepper by 9.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 20,493 shares of the company’s stock valued at $773,000 after buying an additional 1,854 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Keurig Dr Pepper by 12.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 217,905 shares of the company’s stock worth $8,167,000 after acquiring an additional 23,957 shares during the period. Institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares of the company’s stock, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred 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 owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,397,350 shares of company stock valued at $2,756,292,570 over the last 90 days. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler began coverage on Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price objective on the stock. Morgan Stanley upped their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $33.85 on Tuesday. The stock has a market cap of $45.93 billion, a P/E ratio of 20.52, a PEG 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. The business’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $33.61. Keurig Dr Pepper Inc. has a twelve month low of $29.86 and a twelve month high of $38.28.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.23 dividend. 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 (DPR) is presently 87.62%.

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.