Bank of Montreal Can Purchases 68,732 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bank of Montreal Can increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,332,954 shares of the company's stock after buying an additional 68,732 shares during the quarter. Bank of Montreal Can owned about 0.10% of Keurig Dr Pepper worth $42,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Clarkston Capital Partners LLC grew its stake in shares of Keurig Dr Pepper by 0.6% during the 4th quarter. Clarkston Capital Partners LLC now owns 592,517 shares of the company's stock valued at $19,032,000 after buying an additional 3,715 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in Keurig Dr Pepper by 11.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 10,035 shares of the company's stock valued at $322,000 after acquiring an additional 1,016 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its position in Keurig Dr Pepper by 58.8% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 405,000 shares of the company's stock valued at $13,009,000 after acquiring an additional 150,000 shares during the period. Russell Investments Group Ltd. increased its stake in Keurig Dr Pepper by 27.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,273,125 shares of the company's stock worth $40,777,000 after acquiring an additional 274,689 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Keurig Dr Pepper by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,483,655 shares of the company's stock worth $79,775,000 after purchasing an additional 60,467 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.09 during trading on Wednesday, reaching $35.48. The company had a trading volume of 2,197,318 shares, compared to its average volume of 9,896,176. The firm's 50 day simple moving average is $33.57 and its two-hundred day simple moving average is $33.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a market capitalization of $48.13 billion, a PE ratio of 21.50, a PEG ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Insider Activity

In other news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total transaction of $417,360.00. Following the transaction, the insider now owns 166,511 shares of the company's stock, valued at approximately $5,791,252.58. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,409,350 shares of company stock valued at $2,756,709,930. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. TD Cowen cut their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $38.86.

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.