Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 17.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,896 shares of the company's stock after acquiring an additional 61,798 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Keurig Dr Pepper were worth $14,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in KDP. Vanguard Group Inc. lifted its stake in shares of Keurig Dr Pepper by 23.6% during 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 in the last quarter. Wellington Management Group LLP raised its holdings in shares of Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after buying an additional 5,646,179 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after acquiring an additional 14,473,054 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock worth $784,974,000 after acquiring an additional 1,962,195 shares during the period. Finally, Invesco Ltd. boosted its holdings in Keurig Dr Pepper by 19.6% in the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock worth $693,972,000 after acquiring an additional 3,539,463 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KDP shares. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, UBS Group boosted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.92.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $34.12, for a total value of $7,096,960.00. Following the sale, the director now directly owns 2,846,490 shares of the company's stock, valued at $97,122,238.80. This trade represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $33.64, for a total value of $403,680.00. Following the completion of the sale, the insider now owns 106,511 shares in the company, valued at $3,583,030.04. The trade was a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 698,500 shares of company stock worth $23,594,400. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Trading Down 0.6%

Shares of NASDAQ KDP opened at $32.85 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock's 50 day moving average price is $33.53 and its two-hundred day moving average price is $33.09. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The stock has a market capitalization of $44.62 billion, a P/E ratio of 29.86, a PEG ratio of 2.53 and a beta of 0.49.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued 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. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the business earned $0.38 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share 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 $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.80%. Keurig Dr Pepper's payout ratio is currently 83.64%.

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.

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