Asset Management One Co. Ltd. Acquires 39,744 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Asset Management One Co. Ltd. lifted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 609,754 shares of the company's stock after purchasing an additional 39,744 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Keurig Dr Pepper were worth $20,866,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Oppenheimer & Co. Inc. lifted its position in shares of Keurig Dr Pepper by 189.7% in the first quarter. Oppenheimer & Co. Inc. now owns 36,046 shares of the company's stock worth $1,233,000 after purchasing an additional 23,602 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Keurig Dr Pepper by 656.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company's stock worth $7,034,000 after acquiring an additional 178,368 shares in the last quarter. Continuum Advisory LLC raised its position in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after acquiring an additional 602 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Keurig Dr Pepper during the first quarter worth $1,188,000. Finally, Kentucky Retirement Systems raised its position in Keurig Dr Pepper by 5.3% during the first quarter. Kentucky Retirement Systems now owns 81,485 shares of the company's stock worth $2,788,000 after acquiring an additional 4,117 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of several analyst reports. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group upped their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $40.00.

Keurig Dr Pepper Trading Down 1.7%

KDP stock opened at $32.98 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The company's 50-day simple moving average is $33.63 and its 200 day simple moving average is $33.10. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a market capitalization of $44.79 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 2.61 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the company posted $0.38 earnings per share. Keurig Dr Pepper's revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $33.64, for a total value of $403,680.00. Following the transaction, the insider now directly owns 106,511 shares of the company's stock, valued at $3,583,030.04. This trade represents a 10.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the completion of the transaction, the director now owns 3,054,490 shares of the company's stock, valued at $103,730,480.40. The trade was a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 698,500 shares of company stock worth $23,594,400. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Company 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.

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