National Bank of Canada FI Has $78.44 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Bank of Canada FI lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 55.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,350,610 shares of the company's stock after acquiring an additional 837,171 shares during the quarter. National Bank of Canada FI owned approximately 0.17% of Keurig Dr Pepper worth $78,440,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in Keurig Dr Pepper by 49.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company's stock worth $48,880,000 after purchasing an additional 487,589 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of Keurig Dr Pepper by 24.3% during the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company's stock worth $86,820,000 after acquiring an additional 509,393 shares during the period. Arizona State Retirement System raised its position in shares of Keurig Dr Pepper by 14.2% in the 4th quarter. Arizona State Retirement System now owns 294,833 shares of the company's stock worth $9,824,000 after acquiring an additional 36,560 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Keurig Dr Pepper by 43.8% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company's stock valued at $36,624,000 after purchasing an additional 334,954 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Keurig Dr Pepper by 1.9% during the fourth quarter. Victory Capital Management Inc. now owns 3,114,474 shares of the company's stock valued at $103,774,000 after purchasing an additional 58,469 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Activity

In related news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares of the company's stock, valued at $2,557,082.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Angela A. Stephens sold 25,000 shares of the company's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares of the company's stock, valued at approximately $2,557,082.41. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Roger Frederick Johnson sold 31,227 shares of the company's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,085,652 shares of company stock worth $2,892,832,080. Corporate insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada lowered their price objective on 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. Morgan Stanley lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Monday, February 26th. Wedbush decreased their target price 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. TD Cowen raised their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a "hold" rating in a research note on Friday, April 26th. Finally, Barclays raised their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.64.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded up $0.27 during trading hours on Friday, reaching $33.83. The company's stock had a trading volume of 7,463,504 shares, compared to its average volume of 8,455,814. The stock has a market cap of $45.86 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.56 and a beta of 0.61. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a 50 day moving average price of $30.68 and a 200-day moving average price of $31.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The business had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.41 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. The business's revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.54%. Keurig Dr Pepper's dividend payout ratio is currently 55.48%.

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.