National Pension Service Purchases 261,979 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• The National Pension Service increased its stake in Keurig Dr Pepper by 15.6%, acquiring an additional 261,979 shares to own approximately 1,937,244 shares, valued at $66.29 million.
• Institutional investors now hold 93.99% of Keurig Dr Pepper's stock, with notable boosts from Vanguard, JPMorgan Chase, and Price T Rowe Associates.
• Keurig Dr Pepper has a dividend yield of 2.7%, following a recent quarterly dividend announcement of $0.23 per share.

National Pension Service raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 15.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,937,244 shares of the company's stock after acquiring an additional 261,979 shares during the period. National Pension Service owned approximately 0.14% of Keurig Dr Pepper worth $66,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after purchasing an additional 25,425,644 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Keurig Dr Pepper by 36.0% during the fourth 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 purchasing an additional 14,473,054 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after purchasing an additional 20,196,835 shares during the period. Invesco Ltd. boosted its stake in shares of Keurig Dr Pepper by 1.7% during the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company's stock valued at $751,920,000 after purchasing an additional 367,518 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Keurig Dr Pepper by 20.6% during the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock valued at $436,788,000 after purchasing an additional 2,320,614 shares during the period. Institutional investors own 93.99% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director De Ven Michael G. Van purchased 15,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was acquired at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $498,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 672,000 shares of company stock valued at $22,235,760. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

KDP stock opened at $34.63 on Friday. The firm has a market cap of $47.04 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 2.54 and a beta of 0.45. The firm has a 50-day simple moving average of $33.46 and a two-hundred day simple moving average of $33.50. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KDP shares. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the company from $36.00 to $42.00 in a research note on Friday, April 25th. UBS Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Barclays boosted their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

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.

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