TD Asset Management Inc Buys 161,034 Shares of Keurig Dr Pepper, Inc $KDP

TD Asset Management Inc increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 8.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,961,374 shares of the company's stock after acquiring an additional 161,034 shares during the period. TD Asset Management Inc owned 0.14% of Keurig Dr Pepper worth $64,843,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. Rise Advisors LLC bought a new stake in Keurig Dr Pepper during the first quarter worth approximately $25,000. Chung Wu Investment Group LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter worth $26,000. WPG Advisers LLC bought a new stake in shares of Keurig Dr Pepper during the 1st quarter worth $43,000. Continuum Advisory LLC grew its stake in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Keurig Dr Pepper in the 1st quarter worth $48,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the sale, the director directly owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 423,601 shares of company stock worth $14,017,592 in the last three months. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KDP. Weiss Ratings restated a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Wednesday, October 8th. HSBC restated a "hold" rating and set a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Cowen reaffirmed a "hold" rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Citigroup reduced their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Finally, BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research note on Monday, September 22nd. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Hold" and an average target price of $35.00.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $26.93 on Thursday. The firm has a market capitalization of $36.58 billion, a PE ratio of 24.04, a PEG ratio of 1.48 and a beta of 0.43. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $37.27. The business's 50 day moving average is $28.99 and its 200-day moving average is $32.09.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting analysts' consensus estimates 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 return on equity of 11.05% and a net margin of 9.75%.Keurig Dr Pepper's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper's dividend payout ratio is 82.14%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.