Nomura Asset Management Co. Ltd. Boosts Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Nomura Asset Management Co. Ltd. raised its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 376,919 shares of the company's stock after acquiring an additional 29,755 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Keurig Dr Pepper were worth $14,127,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KDP. CX Institutional raised its stake in Keurig Dr Pepper by 3.6% in the third quarter. CX Institutional now owns 8,129 shares of the company's stock valued at $305,000 after purchasing an additional 283 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Keurig Dr Pepper by 3.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company's stock worth $320,000 after buying an additional 300 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after buying an additional 301 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company's stock valued at $59,000 after buying an additional 314 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Keurig Dr Pepper by 1.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the company's stock worth $1,415,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Trading Up 1.7 %

Shares of KDP traded up $0.55 during trading hours on Thursday, reaching $33.81. 8,003,007 shares of the company traded hands, compared to its average volume of 9,250,426. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The company has a market capitalization of $45.86 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61. The company's fifty day moving average price is $33.99 and its two-hundred day moving average price is $34.61. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada increased their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company cut their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the stock from $37.00 to $39.00 in a research note on Thursday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

Keurig Dr Pepper Company 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.