National Bank of Canada FI Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Bank of Canada FI grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,934,962 shares of the company's stock after purchasing an additional 482,762 shares during the quarter. National Bank of Canada FI owned approximately 0.22% of Keurig Dr Pepper worth $94,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Townsquare Capital LLC increased its holdings in Keurig Dr Pepper by 38.4% during the 3rd quarter. Townsquare Capital LLC now owns 15,407 shares of the company's stock valued at $577,000 after purchasing an additional 4,275 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Keurig Dr Pepper by 1.9% during the third quarter. Glenmede Trust Co. NA now owns 28,593 shares of the company's stock valued at $1,072,000 after buying an additional 524 shares during the period. Captrust Financial Advisors lifted its stake in Keurig Dr Pepper by 77.8% in the third quarter. Captrust Financial Advisors now owns 54,941 shares of the company's stock worth $2,059,000 after acquiring an additional 24,034 shares during the period. Erste Asset Management GmbH bought a new stake in Keurig Dr Pepper in the third quarter valued at $6,066,000. Finally, Benjamin Edwards Inc. increased its position in Keurig Dr Pepper by 39.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 16,725 shares of the company's stock valued at $627,000 after purchasing an additional 4,691 shares during the period. Institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research reports. TD Cowen cut their target price on shares of 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. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Barclays set a $39.00 price objective on Keurig Dr Pepper in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.38.

Keurig Dr Pepper Stock Performance

KDP stock traded down $1.82 on Friday, hitting $33.81. The company had a trading volume of 16,131,885 shares, compared to its average volume of 9,747,634. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock's 50-day simple moving average is $33.05 and its 200 day simple moving average is $33.45. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. As a group, equities research analysts expect 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, 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 dividend on an annualized basis and a yield of 2.72%. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Insiders Place Their Bets

In related news, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction 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 completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total transaction of $417,360.00. Following the transaction, the insider now directly owns 166,511 shares of the company's stock, valued at $5,791,252.58. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,409,350 shares of company stock worth $2,756,709,930. Company insiders own 1.00% of the company's stock.

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.