Norinchukin Bank The Increases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Norinchukin Bank The increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,463 shares of the company’s stock after acquiring an additional 6,102 shares during the period. Norinchukin Bank The’s holdings in Keurig Dr Pepper were worth $1,942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Vanguard Group Inc. raised its position in shares of Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after buying an additional 5,646,179 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Keurig Dr Pepper by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock valued at $784,974,000 after acquiring an additional 1,962,195 shares in the last quarter. Invesco Ltd. lifted its position in Keurig Dr Pepper by 19.6% in the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock valued at $693,972,000 after acquiring an additional 3,539,463 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock valued at $681,579,000 after acquiring an additional 8,363,192 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $35.41 on Monday. The stock has a market cap of $48.04 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock’s fifty day moving average is $33.82 and its 200 day moving average is $33.23. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28.

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

Keurig Dr Pepper Announces Dividend

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

Wall Street Analyst Weigh In

KDP has been the subject of several recent analyst reports. UBS Group boosted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Finally, TD Cowen dropped their target price 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. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.21.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 7,350 shares of the 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 owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the completion of the transaction, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. This represents a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,421,350 shares of company stock worth $2,757,137,010. Corporate insiders own 1.00% of the company’s stock.

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.