Pictet Asset Management Holding SA Buys 92,214 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Pictet Asset Management Holding SA raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 15.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 676,729 shares of the company's stock after acquiring an additional 92,214 shares during the period. Pictet Asset Management Holding SA's holdings in Keurig Dr Pepper were worth $21,737,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares in the last quarter. Norges Bank acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $197,819,000. State Street Corp grew its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in Keurig Dr Pepper by 32.3% during the fourth quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company's stock worth $600,189,000 after acquiring an additional 4,562,128 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Keurig Dr Pepper by 394.3% during the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock valued at $91,908,000 after purchasing an additional 1,956,138 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. UBS Group reissued a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average target price of $38.38.

Keurig Dr Pepper Stock Performance

KDP stock traded down $1.82 during trading hours on Friday, hitting $33.81. 16,131,885 shares of the stock were exchanged, compared to its average volume of 9,747,634. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. 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 firm has a market capitalization of $45.87 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a 50-day simple moving average of $33.05 and a two-hundred day simple moving average of $33.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share 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. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.72%. Keurig Dr Pepper's dividend payout ratio is presently 87.62%.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the completion of the transaction, the insider now directly owns 166,511 shares in the company, valued at approximately $5,791,252.58. The trade was a 6.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 84,409,350 shares of company stock worth $2,756,709,930. 1.00% of the stock is currently owned by company 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.