Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,359 shares of the company’s stock after acquiring an additional 12,902 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Keurig Dr Pepper were worth $3,844,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. OFI Invest Asset Management purchased a new position in Keurig Dr Pepper in the third quarter worth $25,000. Geneos Wealth Management Inc. grew its stake in Keurig Dr Pepper by 973.8% during the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after buying an additional 818 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at about $29,000. Bruce G. Allen Investments LLC purchased a new stake in Keurig Dr Pepper in the fourth quarter valued at about $34,000. Finally, Ulland Investment Advisors LLC acquired a new stake in Keurig Dr Pepper in the fourth quarter worth about $50,000. 85.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

KDP has been the subject of a number of recent analyst reports. Barclays lifted their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Morgan Stanley reduced their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Wedbush dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Finally, Royal Bank of Canada decreased their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $36.45.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction on Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the sale, the insider now owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert James Gamgort bought 171,821 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 in the last quarter. 0.81% of the stock is owned by insiders.

Keurig Dr Pepper Trading Up 0.8 %

KDP opened at $31.76 on Tuesday. The company’s 50 day simple moving average is $30.26 and its two-hundred day simple moving average is $31.01. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The firm has a market capitalization of $44.07 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.71%. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

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.