Pensionfund Sabic Has $1.57 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Pensionfund Sabic raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,000 shares of the company's stock after buying an additional 17,000 shares during the quarter. Pensionfund Sabic's holdings in Keurig Dr Pepper were worth $1,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC grew its holdings in shares of Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company's stock worth $3,829,824,000 after purchasing an additional 9,105,164 shares in the last quarter. State Street Corp increased its holdings in Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company's stock valued at $1,908,289,000 after buying an additional 4,970,467 shares during the period. National Bank of Canada FI increased its holdings in Keurig Dr Pepper by 394.3% in the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock valued at $91,908,000 after buying an additional 1,956,138 shares during the period. Dimensional Fund Advisors LP raised 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 buying an additional 1,878,597 shares in the last quarter. Finally, Armistice Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 186.3% during the 2nd quarter. Armistice Capital LLC now owns 1,486,063 shares of the company's stock worth $49,635,000 after acquiring an additional 966,924 shares during the period. Institutional investors and hedge funds own 93.99% 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 that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KDP shares. Royal Bank of Canada upped their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Barclays lowered their price target on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, TD Cowen boosted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.62.

Keurig Dr Pepper Trading Down 1.5 %

NASDAQ KDP traded down $0.46 on Monday, reaching $31.08. The company had a trading volume of 7,560,681 shares, compared to its average volume of 5,901,123. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The stock's 50 day moving average is $32.67 and its 200-day moving average is $34.40. 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 market cap of $42.16 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

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.