Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,292,481 shares of the company's stock after acquiring an additional 121,593 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.17% of Keurig Dr Pepper worth $78,097,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. FMR LLC boosted its holdings in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company's stock worth $3,829,824,000 after acquiring an additional 9,105,164 shares in the last quarter. State Street Corp raised its position 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 purchasing an additional 4,970,467 shares during the last quarter. Geode Capital Management LLC boosted its stake in Keurig Dr Pepper by 2.7% in the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company's stock worth $841,886,000 after purchasing an additional 591,316 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Keurig Dr Pepper by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company's stock worth $488,463,000 after purchasing an additional 59,464 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Keurig Dr Pepper by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 7,304,769 shares of the company's stock worth $234,629,000 after purchasing an additional 342,715 shares during the last quarter. 93.99% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the transaction, the insider now owns 187,537 shares of the company's stock, valued at $6,385,634.85. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. Corporate insiders own 1.00% of the company's stock.
Analysts Set New Price Targets
KDP has been the subject of a number of research analyst reports. TD Cowen cut 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. JPMorgan Chase & Co. boosted their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They set a "neutral" rating and a $35.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.23.
Check Out Our Latest Research Report on Keurig Dr Pepper
Keurig Dr Pepper Trading Up 0.6 %
KDP traded up $0.20 during midday trading on Tuesday, reaching $32.74. 4,415,764 shares of the company were exchanged, compared to its average volume of 9,184,869. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market capitalization of $44.41 billion, a P/E ratio of 19.77, a PEG ratio of 2.42 and a beta of 0.62. The stock's 50-day simple moving average is $32.06 and its 200 day simple moving average is $33.82. Keurig Dr Pepper Inc. has a one year low of $28.62 and a one year high of $38.28.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business's quarterly revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.
Keurig Dr Pepper Announces Dividend
The firm also recently announced 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 of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.81%. Keurig Dr Pepper's dividend payout ratio is presently 87.62%.
About Keurig Dr Pepper
(
Free Report)
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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