Swiss National Bank Buys 342,000 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Swiss National Bank boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,276,900 shares of the company’s stock after acquiring an additional 342,000 shares during the period. Swiss National Bank’s holdings in Keurig Dr Pepper were worth $109,186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Achmea Investment Management B.V. raised its holdings in shares of Keurig Dr Pepper by 0.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock worth $1,226,000 after acquiring an additional 324 shares in the last quarter. Operose Advisors LLC raised its stake in Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares in the last quarter. Mckinley Capital Management LLC raised its stake in Keurig Dr Pepper by 1.3% during the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after purchasing an additional 470 shares in the last quarter. Czech National Bank lifted its position in Keurig Dr Pepper by 0.3% during the fourth quarter. Czech National Bank now owns 176,335 shares of the company’s stock valued at $5,875,000 after purchasing an additional 502 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Keurig Dr Pepper by 0.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 91,407 shares of the company’s stock worth $2,886,000 after buying an additional 512 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 0.8 %

NASDAQ:KDP opened at $33.83 on Friday. The company has a market cap of $45.86 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $34.65. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $30.68 and a 200-day simple moving average of $31.24.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.54%. Keurig Dr Pepper’s payout ratio is 55.48%.

Analysts Set New Price Targets

Several analysts have recently issued reports on KDP shares. Royal Bank of Canada decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Barclays raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. TD Cowen raised their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Wedbush cut their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.64.

Insider Buying and Selling

In other news, CEO Robert James Gamgort bought 171,821 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, CEO Robert James Gamgort bought 171,821 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the acquisition, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the transaction, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Insiders have sold a total of 100,085,652 shares of company stock valued at $2,892,832,080 over the last quarter. 0.81% of the stock is owned by corporate 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.