Zurcher Kantonalbank Zurich Cantonalbank Purchases 66,269 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 579,036 shares of the company's stock after acquiring an additional 66,269 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Keurig Dr Pepper were worth $18,599,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC lifted its position in Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after purchasing an additional 342 shares during the period. Barden Capital Management Inc. lifted its holdings in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after buying an additional 353 shares during the period. Custom Index Systems LLC boosted its stake in Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after acquiring an additional 357 shares during the last quarter. First Hawaiian Bank grew its holdings in Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock worth $250,000 after acquiring an additional 384 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company's stock valued at $532,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity

In other news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,385,350 shares of company stock worth $2,755,891,890 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Trading Up 2.2 %

NASDAQ:KDP opened at $33.24 on Wednesday. The company has a market cap of $45.10 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28. The business has a 50 day moving average price of $32.09 and a two-hundred day moving average price of $33.81. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

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Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data 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%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid 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 dividend yield of 2.77%. Keurig Dr Pepper's dividend payout ratio is 87.62%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KDP shares. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised 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. Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a "neutral" rating and a $35.00 price objective on the stock. 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.23.

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.

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