Fifth Third Bancorp Acquires 10,762 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fifth Third Bancorp grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 27.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,636 shares of the company's stock after buying an additional 10,762 shares during the quarter. Fifth Third Bancorp's holdings in Keurig Dr Pepper were worth $1,733,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. CX Institutional raised its position in Keurig Dr Pepper by 26.5% in the 1st quarter. CX Institutional now owns 10,799 shares of the company's stock valued at $370,000 after buying an additional 2,265 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Keurig Dr Pepper by 1,553.0% during the 1st quarter. SG Americas Securities LLC now owns 334,034 shares of the company's stock worth $11,431,000 after acquiring an additional 313,826 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Keurig Dr Pepper by 23.2% during the 1st quarter. GAMMA Investing LLC now owns 9,963 shares of the company's stock worth $341,000 after acquiring an additional 1,879 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Keurig Dr Pepper by 4.5% in the first quarter. Yousif Capital Management LLC now owns 150,933 shares of the company's stock worth $5,165,000 after purchasing an additional 6,525 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Keurig Dr Pepper by 122.1% during the first quarter. Farther Finance Advisors LLC now owns 8,771 shares of the company's stock worth $307,000 after purchasing an additional 4,822 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.08 during midday trading on Monday, hitting $33.10. 8,379,343 shares of the company were exchanged, compared to its average volume of 10,821,698. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The firm has a market capitalization of $44.96 billion, a P/E ratio of 20.06, a PEG ratio of 2.42 and a beta of 0.48. The firm's 50 day moving average price is $33.90 and its two-hundred day moving average price is $33.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.57 billion. During the same period last year, the business posted $0.38 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company 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 is Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.78%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now owns 154,511 shares in the company, valued at approximately $5,499,046.49. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the transaction, the director now directly owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. This trade represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 698,500 shares of company stock valued at $23,591,400 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on KDP. Royal Bank of Canada reissued an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Barclays lifted their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, UBS Group increased their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.33.

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.