Sumitomo Mitsui Trust Group Inc. Purchases 167,901 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.4% 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 3,306,012 shares of the company's stock after buying an additional 167,901 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Keurig Dr Pepper worth $113,132,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KDP. 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. Wellington Management Group LLP increased its position in shares of Keurig Dr Pepper by 10.3% in 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $1,755,564,000 after acquiring an additional 14,473,054 shares in the last quarter. Geode Capital Management LLC grew its stake in Keurig Dr Pepper by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after acquiring an additional 1,962,195 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Keurig Dr Pepper by 19.6% in the fourth 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 in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group increased their target price 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. Barclays cut their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 27th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Two 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.92.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director De Ven Michael G. Van acquired 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was purchased at an average price of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director directly owned 15,000 shares of the company's stock, valued at approximately $498,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $33.64, for a total transaction of $403,680.00. Following the transaction, the insider directly owned 106,511 shares in the company, valued at $3,583,030.04. This represents a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 686,500 shares of company stock valued at $23,177,040. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded up $0.28 during mid-day trading on Wednesday, reaching $33.85. 3,203,487 shares of the company were exchanged, compared to its average volume of 10,879,814. Keurig Dr Pepper, Inc has a twelve month low of $30.12 and a twelve month high of $38.28. The stock has a market capitalization of $45.97 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.54 and a beta of 0.47. The company's 50-day simple moving average is $33.45 and its 200-day simple moving average is $33.09. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced 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 is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.72%. Keurig Dr Pepper's payout ratio is presently 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.