Daiwa Securities Group Inc. Raises Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Daiwa Securities Group Inc. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 12.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 217,905 shares of the company's stock after buying an additional 23,957 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Keurig Dr Pepper were worth $8,167,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Keurig Dr Pepper by 5.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company's stock valued at $574,146,000 after purchasing an additional 730,297 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company's stock valued at $445,648,000 after purchasing an additional 317,837 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Keurig Dr Pepper by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 9,971,838 shares of the company's stock valued at $333,057,000 after purchasing an additional 609,857 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Keurig Dr Pepper by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,130,632 shares of the company's stock valued at $238,163,000 after purchasing an additional 171,036 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Keurig Dr Pepper by 41.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company's stock valued at $212,901,000 after purchasing an additional 1,878,597 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Transactions at Keurig Dr Pepper

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 dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.20 during midday trading on Tuesday, hitting $32.65. 9,529,245 shares of the stock were exchanged, compared to its average volume of 9,288,776. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.52 and a beta of 0.63. The stock's 50-day moving average price is $35.11 and its 200-day moving average price is $34.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

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

Keurig Dr Pepper Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KDP. Royal Bank of Canada lifted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Citigroup decreased 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. JPMorgan Chase & Co. decreased 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. Evercore ISI upgraded Keurig Dr Pepper to a "hold" rating in a research note on Thursday, September 5th. Finally, Barclays decreased their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.36.

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.