First Hawaiian Bank Acquires 17,884 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

First Hawaiian Bank increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 229.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,673 shares of the company's stock after buying an additional 17,884 shares during the period. First Hawaiian Bank's holdings in Keurig Dr Pepper were worth $879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after purchasing an additional 22,856,757 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after buying an additional 14,473,054 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after buying an additional 8,363,192 shares during the period. Norges Bank bought a new position in Keurig Dr Pepper during the fourth quarter worth about $197,819,000. Finally, Wellington Management Group LLP grew its stake 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 valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the period. 93.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the transaction, the insider now owns 178,511 shares in the company, valued at approximately $5,960,482.29. This trade represents a 6.30% 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, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the sale, the vice president now directly owns 62,411 shares of the company's stock, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 698,500 shares of company stock valued at $23,591,400 in the last quarter. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded down $0.02 during trading on Wednesday, hitting $32.80. 11,215,637 shares of the stock were exchanged, compared to its average volume of 10,735,083. 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 company has a fifty day moving average price of $34.11 and a 200-day moving average price of $33.04. The stock has a market capitalization of $44.55 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. 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 - Get Free Report) last announced its quarterly 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. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 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 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Analysts Set New Price Targets

Several brokerages have commented on KDP. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

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.