Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Unigestion Holding SA

Unigestion Holding SA raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1,220.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,089 shares of the company's stock after buying an additional 85,117 shares during the quarter. Unigestion Holding SA's holdings in Keurig Dr Pepper were worth $3,451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares 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 buying an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings 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 valued at $320,000 after purchasing an additional 300 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in shares of Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after purchasing an additional 301 shares during the period. Federated Hermes Inc. raised its position in shares of Keurig Dr Pepper by 21.8% in the second 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, TD Private Client Wealth LLC boosted its stake in shares of Keurig Dr Pepper by 2.9% in the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company's stock valued at $532,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

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

Keurig Dr Pepper Trading Down 0.8 %

NASDAQ KDP traded down $0.26 on Wednesday, hitting $33.26. 7,551,937 shares of the stock were exchanged, compared to its average volume of 9,255,695. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The firm has a market capitalization of $45.12 billion, a P/E ratio of 20.32, a P/E/G ratio of 2.53 and a beta of 0.61. 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 fifty day moving average price of $34.07 and a two-hundred day moving average price of $34.62.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting 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 analysts' expectations of $3.92 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. Keurig Dr Pepper's dividend payout ratio is currently 55.76%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays dropped their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating for the company in a report on Monday, October 28th. TD Cowen raised their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, September 26th. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Citigroup cut their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI upgraded Keurig Dr Pepper to a "hold" rating in a research note on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.36.

About Keurig Dr Pepper

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.