Keurig Dr Pepper Inc. (NASDAQ:KDP) Stake Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 31.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 286,328 shares of the company’s stock after buying an additional 68,423 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Keurig Dr Pepper were worth $9,197,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KDP. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after purchasing an additional 242,315 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Keurig Dr Pepper by 0.7% in the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock valued at $122,038,000 after acquiring an additional 22,657 shares during the last quarter. Franklin Resources Inc. lifted its stake in Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after acquiring an additional 41,466 shares during the last quarter. Swedbank AB grew its position in Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after acquiring an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP increased its stake in shares of Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after purchasing an additional 398,916 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’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 sale, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Performance

KDP opened at $33.24 on Wednesday. The stock’s 50 day simple moving average is $32.09 and its 200-day simple moving average is $33.81. 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 stock has a market cap of $45.10 billion, a PE ratio of 20.15, a P/E/G ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm 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 business’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 EPS. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KDP shares. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research note on Thursday, February 27th. Finally, Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price for the company. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

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.