Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Position Raised by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,311,782 shares of the company’s stock after buying an additional 116,573 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Keurig Dr Pepper were worth $42,111,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KDP. Sumitomo Mitsui Trust Group Inc. lifted its stake in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after acquiring an additional 242,315 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Keurig Dr Pepper by 53.1% during the 4th 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 in the last quarter. Franklin Resources Inc. raised its holdings 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 valued at $22,806,000 after purchasing an additional 41,466 shares in the last quarter. Swedbank AB lifted its stake 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 valued at $23,994,000 after purchasing an additional 13,179 shares during the last quarter. Finally, RWC Asset Management LLP boosted its holdings in Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock worth $49,885,000 after purchasing an additional 398,916 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 0.9 %

Shares of NASDAQ KDP opened at $35.41 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $48.04 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The firm’s 50-day moving average is $33.82 and its 200-day moving average is $33.28. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

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

Insider Buying and Selling

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction dated 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 transaction, the chairman now directly owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. The trade was a 11.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,421,350 shares of company stock valued at $2,757,137,010 in the last 90 days. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KDP has been the topic of a number of recent analyst reports. UBS Group raised their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Piper Sandler upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $39.21.

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.