Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Zurcher Kantonalbank increased its holdings in Keurig Dr Pepper by 11.9%, owning 648,177 shares worth approximately $22.18 million as of its latest SEC filing.
• Analysts have responded positively to Keurig Dr Pepper, with ratings improvements and price targets raised by firms like Piper Sandler and Morgan Stanley, indicating a consensus target price of $39.77.
• Keurig Dr Pepper announced a quarterly dividend of $0.23 per share, representing an annualized yield of 2.72% with a payout ratio of 82.14%.

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 648,177 shares of the company's stock after purchasing an additional 69,141 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Keurig Dr Pepper were worth $22,181,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KDP. ST Germain D J Co. Inc. purchased a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $27,000. New Age Alpha Advisors LLC grew its holdings in Keurig Dr Pepper by 82.8% during the 4th 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 in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $42,000. Continuum Advisory LLC grew its holdings in Keurig Dr Pepper by 82.5% during 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 in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 2.1%

KDP traded up $0.68 during trading on Friday, reaching $33.33. The company had a trading volume of 6,780,951 shares, compared to its average volume of 12,255,457. The stock has a market cap of $45.28 billion, a P/E ratio of 29.76, a PEG ratio of 2.47 and a beta of 0.47. The business has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $33.32. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.45 earnings per share. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.8%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director De Ven Michael G. Van bought 15,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, June 4th. The shares were acquired at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at approximately $498,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 490,500 shares of company stock worth $16,298,360. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KDP. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Barclays reaffirmed an "overweight" rating and set a $39.00 price objective (up from $37.00) on shares of Keurig Dr Pepper in a report on Monday. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. Finally, UBS Group cut their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.77.

Keurig Dr Pepper Company 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.