Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Czech National Bank

Czech National Bank lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,108 shares of the company's stock after buying an additional 28,634 shares during the quarter. Czech National Bank's holdings in Keurig Dr Pepper were worth $7,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Swedbank AB increased its position in shares of Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company's stock worth $27,504,000 after purchasing an additional 268,555 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock worth $122,038,000 after purchasing an additional 22,657 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after buying an additional 41,466 shares in the last quarter. LMR Partners LLP raised its position in shares of Keurig Dr Pepper by 55.5% in the third quarter. LMR Partners LLP now owns 521,000 shares of the company's stock valued at $19,527,000 after buying an additional 186,002 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its position in Keurig Dr Pepper by 9.4% during the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock worth $23,539,000 after acquiring an additional 54,167 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.14 on Wednesday. The company has a market capitalization of $42.24 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.59 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. 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 stock has a 50 day moving average price of $32.38 and a 200 day moving average price of $34.23.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.76%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on KDP. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada boosted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $37.93.

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.