Healthcare of Ontario Pension Plan Trust Fund Purchases 46,339 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 965,290 shares of the company's stock after purchasing an additional 46,339 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Keurig Dr Pepper worth $36,179,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in Keurig Dr Pepper during the third quarter worth about $25,000. Blue Trust Inc. increased its stake in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company's stock valued at $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock worth $27,000 after purchasing an additional 685 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $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 in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays dropped their price objective 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. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Evercore ISI raised Keurig Dr Pepper to a "hold" rating in a research note on Thursday, September 5th. Citigroup reduced their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.36.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.07 during trading hours on Thursday, reaching $32.58. 8,454,407 shares of the stock were exchanged, compared to its average volume of 9,285,427. The firm has a market capitalization of $44.19 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.54 and a beta of 0.63. The stock's fifty day simple moving average is $34.92 and its 200 day simple moving average is $34.68. 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 Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

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

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.23 dividend. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.76%.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction dated 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 owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

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.