Czech National Bank Buys 30,121 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Czech National Bank boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,229 shares of the company's stock after acquiring an additional 30,121 shares during the quarter. Czech National Bank's holdings in Keurig Dr Pepper were worth $9,384,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Keurig Dr Pepper by 8.4% during 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 purchasing an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position 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 worth $10,400,000 after buying an additional 112,819 shares during the period. RWC Asset Management LLP boosted its stake in Keurig Dr Pepper by 34.6% in the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after buying an additional 398,916 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Keurig Dr Pepper in the fourth quarter valued at $400,000. Finally, Concurrent Investment Advisors LLC raised its stake in Keurig Dr Pepper by 185.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 51,611 shares of the company's stock worth $1,658,000 after acquiring an additional 33,554 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KDP shares. Barclays boosted their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Argus started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the sale, the vice president now owns 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction 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 sale, the director now owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 478,500 shares of company stock valued at $16,311,560 over the last ninety days. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Down 0.1%

Shares of KDP stock traded down $0.02 on Wednesday, reaching $32.80. 11,215,637 shares of the stock were exchanged, compared to its average volume of 10,728,403. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The stock has a market cap of $44.55 billion, a PE ratio of 19.88, a P/E/G ratio of 2.42 and a beta of 0.48. The stock has a 50 day moving average price of $34.13 and a 200 day moving average price of $33.04.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is 83.64%.

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.