Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Keybank National Association OH

Keybank National Association OH raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 27.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,911 shares of the company’s stock after purchasing an additional 3,217 shares during the period. Keybank National Association OH’s holdings in Keurig Dr Pepper were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Perigon Wealth Management LLC increased its position in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after acquiring an additional 342 shares during the last quarter. Custom Index Systems LLC grew its holdings in shares of 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 purchasing an additional 357 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Keurig Dr Pepper by 5.2% in the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after purchasing an additional 384 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Keurig Dr Pepper by 2.9% in the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock valued at $532,000 after purchasing an additional 400 shares in the last quarter. Finally, CX Institutional grew its holdings in shares of Keurig Dr Pepper by 5.0% in the fourth quarter. CX Institutional now owns 8,534 shares of the company’s stock valued at $274,000 after purchasing an additional 405 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley boosted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Piper Sandler started coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Stock Down 0.6 %

Shares of NASDAQ:KDP opened at $33.34 on Monday. The company has a market capitalization of $45.23 billion, a PE ratio of 20.21, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28. The firm has a 50 day simple moving average of $32.05 and a 200-day simple moving average of $33.84.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.76%. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction 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 trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,385,350 shares of company stock worth $2,755,891,890 in the last 90 days. 1.00% of the stock is owned by insiders.

About Keurig Dr Pepper

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.