Mitsubishi UFJ Asset Management Co. Ltd. Purchases 128,226 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,093,970 shares of the company's stock after purchasing an additional 128,226 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Keurig Dr Pepper worth $35,652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $34,000. Ulland Investment Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $50,000. Finally, Operose Advisors LLC lifted its stake in Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company's stock worth $53,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of KDP traded up $0.33 on Thursday, reaching $34.14. The stock had a trading volume of 6,793,821 shares, compared to its average volume of 9,983,153. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $34.65. The firm has a market capitalization of $46.28 billion, a PE ratio of 22.05, a PEG ratio of 2.59 and a beta of 0.61. The firm has a 50-day moving average of $31.40 and a 200 day moving average of $31.54. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. Sell-side analysts expect 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 will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.52%. Keurig Dr Pepper's payout ratio is 55.48%.

Insider Activity at Keurig Dr Pepper

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

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of recent research reports. Jefferies Financial Group lowered their target price on 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. Morgan Stanley decreased their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Monday, February 26th. Wedbush dropped their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating for the company in a research report on Monday, February 26th. TD Cowen upped their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a "hold" rating in a research note on Friday, April 26th. Finally, Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, April 29th. Five 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.64.

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.