Bahl & Gaynor Inc. Has $133.07 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bahl & Gaynor Inc. decreased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,142,883 shares of the company’s stock after selling 163,527 shares during the period. Bahl & Gaynor Inc. owned 0.31% of Keurig Dr Pepper worth $133,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KDP. FMR LLC grew its stake in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after buying an additional 9,105,164 shares in the last quarter. State Street Corp grew its position in Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after acquiring an additional 4,970,467 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after purchasing an additional 1,956,138 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Keurig Dr Pepper by 125.5% during the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after purchasing an additional 767,298 shares in the last quarter. Finally, Suvretta Capital Management LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $26,352,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.8 %

KDP opened at $34.13 on Tuesday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.62 and a fifty-two week high of $38.28. The company has a market capitalization of $46.31 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm’s fifty day moving average price is $31.97 and its two-hundred day moving average price is $33.90.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. Keurig Dr Pepper’s payout ratio is presently 87.62%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KDP shares. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler began coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

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.