BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 44.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 550,749 shares of the company's stock after acquiring an additional 170,141 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Keurig Dr Pepper were worth $20,642,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KDP. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth about $25,000. Blue Trust Inc. increased its position in Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company's stock valued at $26,000 after acquiring an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock valued at $27,000 after acquiring an additional 685 shares during the period. Farmers & Merchants Investments Inc. increased its position in shares of Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock valued at $30,000 after purchasing an additional 301 shares during the period. Finally, Hantz Financial Services Inc. acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $35,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KDP shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. Jefferies Financial Group dropped their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Citigroup lowered their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company decreased their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus target price of $38.36.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Up 1.3 %

Shares of KDP traded up $0.42 on Friday, reaching $32.66. The company's stock had a trading volume of 12,793,923 shares, compared to its average volume of 14,933,858. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $44.30 billion, a PE ratio of 19.79, a PEG ratio of 2.49 and a beta of 0.63. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The firm has a fifty day moving average of $35.20 and a 200-day moving average of $34.70.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. Equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.82%. Keurig Dr Pepper's payout ratio is presently 55.76%.

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.