Toronto Dominion Bank Has $20.77 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Toronto Dominion Bank boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 646,561 shares of the company’s stock after buying an additional 59,137 shares during the period. Toronto Dominion Bank’s holdings in Keurig Dr Pepper were worth $20,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KDP. New Age Alpha Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares during the period. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $42,000. LRI Investments LLC increased its stake in Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock valued at $49,000 after buying an additional 605 shares during the period. Finally, Brooklyn Investment Group lifted its position in Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock worth $70,000 after buying an additional 554 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Argus started coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price on the stock. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Finally, UBS Group raised their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.33.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $33.83 on Tuesday. 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 fifty day simple moving average of $34.24 and a 200-day simple moving average of $33.02. The stock has a market capitalization of $45.95 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.42 and a beta of 0.52. 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 released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. The trade was a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total value of $408,600.00. Following the completion of the sale, the insider now directly owns 187,537 shares of the company’s stock, valued at $6,385,634.85. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,863,850 shares of company stock valued at $2,772,203,450. Insiders own 0.40% 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.