Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,000 shares of the company's stock after buying an additional 150,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Keurig Dr Pepper were worth $13,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Keurig Dr Pepper by 27.5% in 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. Envestnet Asset Management Inc. increased its position in Keurig Dr Pepper by 2.5% during 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Keurig Dr Pepper in the 4th quarter valued at about $1,203,000. Resona Asset Management Co. Ltd. purchased a new position in Keurig Dr Pepper in the 4th quarter valued at about $13,385,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $1,335,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Up 0.9 %

NASDAQ:KDP traded up $0.32 during mid-day trading on Thursday, reaching $35.01. The stock had a trading volume of 6,891,604 shares, compared to its average volume of 9,876,109. The stock's 50 day simple moving average is $33.27 and its two-hundred day simple moving average is $33.36. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a market capitalization of $47.50 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. 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 (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the business earned $0.55 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 87.62%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,409,350 shares of company stock valued at $2,756,709,930 in the last quarter. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on KDP shares. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Barclays set a $39.00 target price on Keurig Dr Pepper in a research report on Thursday, February 27th. TD Cowen lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $38.77.

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.