Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,311,782 shares of the company’s stock after buying an additional 116,573 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.10% of Keurig Dr Pepper worth $42,111,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in Keurig Dr Pepper by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after acquiring an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Keurig Dr Pepper by 53.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock valued at $10,400,000 after purchasing an additional 112,819 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Keurig Dr Pepper by 7.1% during 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 period. Swedbank AB lifted its holdings in shares of Keurig Dr Pepper by 1.8% in the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after purchasing an additional 13,179 shares during the last quarter. Finally, RWC Asset Management LLP boosted its position in Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock valued at $49,885,000 after purchasing an additional 398,916 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $35.41 on Friday. The stock’s fifty day simple moving average is $33.82 and its 200 day simple moving average is $33.28. The stock has a market capitalization of $48.04 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.42 and a beta of 0.54. 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 52-week low of $30.12 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted 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 firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Insiders Place Their Bets

In related news, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,421,350 shares of company stock worth $2,757,137,010. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.00 to $40.00 in a research note on Wednesday, April 9th. TD Cowen dropped their price target on shares of 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. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Argus began coverage on Keurig Dr Pepper in a research report on Wednesday. They issued a “buy” rating and a $40.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $39.21.

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.