National Pension Service Acquires 262,353 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Pension Service grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 18.1% during the third quarter, HoldingsChannel.com reports. The firm owned 1,708,132 shares of the company’s stock after buying an additional 262,353 shares during the period. National Pension Service’s holdings in Keurig Dr Pepper were worth $64,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KDP. Blue Trust Inc. increased its stake in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after purchasing an additional 643 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after buying an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. raised 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 period. Hantz Financial Services Inc. bought a new position in Keurig Dr Pepper during the second quarter worth about $35,000. Finally, Riverview Trust Co bought a new position in Keurig Dr Pepper during the second quarter worth about $39,000. 85.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 0.2 %

Keurig Dr Pepper stock opened at $32.61 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a 50-day moving average of $36.40 and a 200-day moving average of $34.77. The company has a market cap of $44.23 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 2.54 and a beta of 0.63. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. 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. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.82%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Barclays dropped their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. TD Cowen raised their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Finally, Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus 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.