National Bank of Canada FI Buys 837,171 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Bank of Canada FI raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 55.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,350,610 shares of the company’s stock after acquiring an additional 837,171 shares during the period. National Bank of Canada FI’s holdings in Keurig Dr Pepper were worth $78,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC lifted its holdings in Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after buying an additional 6,926,582 shares during the period. Vanguard Group Inc. lifted its stake in shares of Keurig Dr Pepper by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after purchasing an additional 5,490,242 shares during the period. Barclays PLC boosted its position in shares of Keurig Dr Pepper by 65.8% during the 3rd quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock valued at $137,240,000 after purchasing an additional 1,725,535 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Keurig Dr Pepper by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after purchasing an additional 1,518,286 shares during the period. Finally, Northern Trust Corp increased its holdings in Keurig Dr Pepper by 13.4% in the third quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock worth $384,304,000 after purchasing an additional 1,441,007 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KDP. TD Cowen raised their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Wedbush decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Barclays increased their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $36.64.

Insider Activity

In other Keurig Dr Pepper news, CEO Robert James Gamgort acquired 171,821 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Patrick Minogue sold 17,293 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert James Gamgort bought 171,821 shares of the stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold 100,085,652 shares of company stock valued at $2,892,832,080 in the last 90 days. Insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.27 during mid-day trading on Friday, hitting $33.83. 7,463,504 shares of the stock were exchanged, compared to its average volume of 8,455,814. The company has a 50-day simple moving average of $30.68 and a 200 day simple moving average of $31.28. 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 12 month low of $27.66 and a 12 month high of $34.65. The company has a market capitalization of $45.86 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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

Keurig Dr Pepper Profile

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.