Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 284.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786,925 shares of the company's stock after buying an additional 582,382 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Keurig Dr Pepper worth $26,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KDP. Moneta Group Investment Advisors LLC increased its position in Keurig Dr Pepper by 99,740.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company's stock worth $11,586,469,000 after purchasing an additional 324,589,570 shares during the last quarter. Norges Bank bought a new stake in Keurig Dr Pepper in the fourth quarter worth $276,547,000. FMR LLC increased its position in Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company's stock worth $1,915,731,000 after purchasing an additional 6,926,582 shares during the last quarter. Vanguard Group Inc. increased its position in Keurig Dr Pepper by 7.2% in the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company's stock worth $2,594,945,000 after purchasing an additional 5,490,242 shares during the last quarter. Finally, Phoenix Holdings Ltd. bought a new stake in Keurig Dr Pepper in the third quarter worth $62,524,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Barclays lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an "overweight" rating in a research note on Friday, April 12th. HSBC assumed coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They set a "hold" rating and a $37.00 price objective for the company. Finally, Wedbush dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.45.

Keurig Dr Pepper Trading Up 0.8 %

Shares of KDP traded up $0.25 during trading hours on Thursday, reaching $31.13. 7,467,908 shares of the company traded hands, compared to its average volume of 10,622,507. The firm has a market cap of $43.20 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.32 and a beta of 0.66. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.99. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average price is $30.24 and its 200 day moving average price is $31.00.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.48%.

Insider Buying and Selling

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares of the company's stock, valued at $9,579,984,617.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the transaction, the director now directly owns 37,643 shares in the company, valued at $1,101,057.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the transaction, the insider now owns 331,487,357 shares of the company's stock, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 over the last three months. 0.81% of the stock is owned by company insiders.

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.