Mackenzie Financial Corp Has $12.17 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mackenzie Financial Corp lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,935 shares of the company's stock after acquiring an additional 41,560 shares during the period. Mackenzie Financial Corp's holdings in Keurig Dr Pepper were worth $12,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LaFleur & Godfrey LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth about $806,000. Janney Montgomery Scott LLC boosted its position in Keurig Dr Pepper by 1.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 82,635 shares of the company's stock valued at $2,654,000 after buying an additional 1,068 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Keurig Dr Pepper by 13.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 32,672 shares of the company's stock worth $1,049,000 after purchasing an additional 3,845 shares during the period. Blue Trust Inc. lifted its position in shares of Keurig Dr Pepper by 50.6% in the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the company's stock worth $182,000 after purchasing an additional 1,906 shares during the period. Finally, United Asset Strategies Inc. lifted its position in shares of Keurig Dr Pepper by 4.8% in the 4th quarter. United Asset Strategies Inc. now owns 21,107 shares of the company's stock worth $678,000 after purchasing an additional 964 shares during the period. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 0.2%

KDP stock traded up $0.06 on Friday, hitting $33.51. 18,639,214 shares of the company were exchanged, compared to its average volume of 10,693,313. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The business's fifty day moving average is $34.17 and its two-hundred day moving average is $33.03. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. 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 (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.23 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.75%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This trade represents a 8.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 913,850 shares of company stock worth $31,235,950 in the last ninety days. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KDP. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. UBS Group increased their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Barclays raised their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.