Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 62.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,201 shares of the company’s stock after purchasing an additional 19,260 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Keurig Dr Pepper were worth $1,673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of Keurig Dr Pepper by 49.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock worth $48,880,000 after acquiring an additional 487,589 shares during the period. DAVENPORT & Co LLC increased its stake in Keurig Dr Pepper by 24.3% during the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock valued at $86,820,000 after buying an additional 509,393 shares during the period. International Assets Investment Management LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at about $3,616,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Keurig Dr Pepper by 43.8% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock valued at $36,624,000 after buying an additional 334,954 shares during the period. Finally, Arizona State Retirement System increased its stake in Keurig Dr Pepper by 14.2% during the 4th quarter. Arizona State Retirement System now owns 294,833 shares of the company’s stock valued at $9,824,000 after buying an additional 36,560 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Up 0.8 %

Shares of NASDAQ:KDP opened at $33.96 on Wednesday. The company’s fifty day moving average is $31.77 and its 200-day moving average is $31.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $34.65. The company has a market capitalization of $46.04 billion, a PE ratio of 21.91, a P/E/G ratio of 2.55 and a beta of 0.61.

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

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.53%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert James Gamgort bought 171,821 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The disclosure for this sale can be found here. In the last three months, insiders sold 100,085,652 shares of company stock valued at $2,892,832,080. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KDP has been the topic of several research analyst reports. TD Cowen raised their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Royal Bank of Canada reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Morgan Stanley reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Finally, Barclays raised their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.64.

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.