Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,328 shares of the company's stock after buying an additional 68,423 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Keurig Dr Pepper were worth $9,197,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper during the third quarter worth about $25,000. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $35,000. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth about $37,000. Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $61,000. Finally, R Squared Ltd bought a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $70,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 2.2 %

Keurig Dr Pepper stock opened at $33.24 on Wednesday. The firm has a market cap of $45.10 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28. The firm's 50 day moving average price is $32.09 and its two-hundred day moving average price is $33.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

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Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. During the same period in the previous year, the firm posted $0.55 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.77%. Keurig Dr Pepper's payout ratio is presently 87.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KDP shares. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley upped their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Six research 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 has an average rating of "Moderate Buy" and an average price target of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is currently owned by corporate insiders.

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.

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