Toronto Dominion Bank Has $20.77 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Toronto Dominion Bank increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of KDP. New Age Alpha Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after buying an additional 389 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper during the fourth quarter worth about $42,000. LRI Investments LLC raised its holdings in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Keurig Dr Pepper during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 0.2%

Shares of Keurig Dr Pepper stock traded up $0.06 during trading on Friday, hitting $33.51. The stock had a trading volume of 18,639,214 shares, compared to its average volume of 10,672,286. The stock has a 50 day simple moving average of $34.18 and a 200 day simple moving average of $33.03. The company has a market capitalization of $45.51 billion, a PE ratio of 20.31, a P/E/G ratio of 2.42 and a beta of 0.52. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's payout ratio is currently 83.64%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the sale, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. This trade represents a 7.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the completion of the sale, the director now owns 3,054,490 shares of the company's stock, valued at $103,730,480.40. The trade was a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 913,850 shares of company stock worth $31,235,950 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on KDP shares. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Barclays upped their price objective on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given 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 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.