Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 394.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,452,200 shares of the company's stock after acquiring an additional 1,956,138 shares during the quarter. National Bank of Canada FI owned approximately 0.18% of Keurig Dr Pepper worth $91,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional lifted its position in Keurig Dr Pepper by 3.6% during the third quarter. CX Institutional now owns 8,129 shares of the company's stock valued at $305,000 after acquiring an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of 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 purchasing an additional 300 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Keurig Dr Pepper by 51.5% during 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. increased its position in 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, Mather Group LLC. raised its stake in Keurig Dr Pepper by 29.0% in the second quarter. Mather Group LLC. now owns 1,742 shares of the company's stock valued at $53,000 after buying an additional 392 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

KDP stock traded down $0.26 during trading on Friday, hitting $32.72. 9,582,685 shares of the company traded hands, compared to its average volume of 9,332,638. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The company has a market cap of $44.38 billion, a PE ratio of 19.83, a P/E/G ratio of 2.52 and a beta of 0.61. The stock's 50-day simple moving average is $34.22 and its 200 day simple moving average is $34.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

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, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the firm earned $0.48 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 214,443,879 shares of the company's stock, valued at $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 SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KDP shares. Jefferies Financial Group cut their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, October 25th. TD Cowen upped their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, September 26th. Citigroup lowered their price objective on shares of 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. Barclays cut their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.36.

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.