Toronto Dominion Bank Acquires 59,137 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Toronto Dominion Bank increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 646,561 shares of the company's stock after purchasing an additional 59,137 shares during the period. Toronto Dominion Bank's holdings in Keurig Dr Pepper were worth $20,768,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. LRI Investments LLC increased its holdings in shares of Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after purchasing an additional 554 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Down 0.3%

NASDAQ:KDP traded down $0.09 on Friday, hitting $32.92. 8,765,245 shares of the company's stock were exchanged, compared to its average volume of 10,608,592. The firm has a 50-day moving average price of $34.23 and a 200-day moving average price of $33.03. 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 Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a market cap of $44.71 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the transaction, the vice president now directly owns 62,411 shares of the company's stock, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,863,850 shares of company stock valued at $2,772,203,450 in the last quarter. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KDP shares. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. UBS Group raised their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the company from $36.00 to $42.00 in a report on Friday, April 25th. Four equities research 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. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average price target of $39.33.

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.