Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Capital International Inc. CA

Capital International Inc. CA lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 28.0% in the fourth quarter, HoldingsChannel reports. The fund owned 580,690 shares of the company’s stock after purchasing an additional 127,183 shares during the quarter. Capital International Inc. CA’s holdings in Keurig Dr Pepper were worth $18,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Arvest Bank Trust Division acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $1,858,000. Wilmington Savings Fund Society FSB raised its position in Keurig Dr Pepper by 441.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 94,948 shares of the company’s stock worth $3,559,000 after acquiring an additional 77,414 shares in the last quarter. Tidal Investments LLC lifted its holdings in Keurig Dr Pepper by 26.5% in the 3rd quarter. Tidal Investments LLC now owns 237,887 shares of the company’s stock valued at $8,916,000 after acquiring an additional 49,865 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $338,000. Finally, Franklin Resources Inc. grew its stake in shares of Keurig Dr Pepper by 7.1% in the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after purchasing an additional 41,466 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Up 0.9 %

Shares of NASDAQ:KDP opened at $35.41 on Friday. The firm has a fifty day moving average of $33.82 and a two-hundred day moving average of $33.25. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The firm has a market capitalization of $48.04 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

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

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KDP. JPMorgan Chase & Co. raised their target price on shares of 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 objective on Keurig Dr Pepper in a research note on Thursday, February 27th. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. UBS Group upped their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday. Finally, TD Cowen dropped their price target 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. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.21.

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.