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

Norinchukin Bank The boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.2% during the fourth quarter, Holdings Channel.com reports. The firm 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 also recently bought and sold shares of KDP. Vanguard Group Inc. increased its holdings 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 buying an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP grew its position in Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock worth $1,946,561,000 after acquiring an additional 5,646,179 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 worth $784,974,000 after acquiring an additional 1,962,195 shares during the last quarter. Invesco Ltd. raised its position in Keurig Dr Pepper by 19.6% during the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock valued at $693,972,000 after purchasing an additional 3,539,463 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of 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 purchasing an additional 8,363,192 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Argus initiated coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a report on Thursday, February 27th. UBS Group boosted their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen reduced their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.21.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $35.41 on Monday. The firm has a market cap of $48.04 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $33.82 and its 200 day moving average is $33.23.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business 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 was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Insider Activity

In other news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was 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 owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, 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.

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.