Mitsubishi UFJ Asset Management Co. Ltd. Buys 276,669 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,916,555 shares of the company's stock after purchasing an additional 276,669 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Keurig Dr Pepper worth $60,448,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KDP. Vanguard Group Inc. increased its stake in shares of Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares during the last quarter. State Street Corp increased 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 acquiring an additional 4,970,467 shares during the period. National Bank of Canada FI raised its position in Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock worth $91,908,000 after purchasing an additional 1,956,138 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Keurig Dr Pepper in the 4th quarter worth approximately $57,995,000. Finally, OFI Invest Asset Management acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $38,629,000. Institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. UBS Group reaffirmed a "buy" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley lifted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, TD Cowen dropped their price objective on 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average price target of $38.23.

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Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.48 during trading on Monday, hitting $34.22. The company had a trading volume of 14,302,153 shares, compared to its average volume of 9,638,512. The stock's 50-day moving average is $32.72 and its two-hundred day moving average is $33.52. 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 capitalization of $46.43 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same period last year, the firm posted $0.55 EPS. Keurig Dr Pepper's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, 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. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.69%. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares of the company's stock, valued at approximately $5,960,482.29. This trade represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,397,350 shares of company stock worth $2,756,292,570 in the last ninety days. 1.00% of the stock is owned by insiders.

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.