The Manufacturers Life Insurance Company Has $23.16 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

The Manufacturers Life Insurance Company raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 721,070 shares of the company's stock after buying an additional 95,409 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of Keurig Dr Pepper worth $23,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Townsquare Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after purchasing an additional 327 shares in the last quarter. Perigon Wealth Management LLC increased its stake in Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after buying an additional 342 shares during the last quarter. Barden Capital Management Inc. grew its stake in Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after purchasing an additional 353 shares in the last quarter. Custom Index Systems LLC raised its holdings in shares of Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after purchasing an additional 357 shares during the period. Finally, First Hawaiian Bank boosted its position in shares of Keurig Dr Pepper by 5.2% in the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after acquiring an additional 384 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.19 during trading hours on Thursday, hitting $34.23. 2,857,322 shares of the company were exchanged, compared to its average volume of 10,409,155. The stock has a market capitalization of $46.49 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 2.42 and a beta of 0.52. The company has a current ratio of 0.53, a quick ratio of 0.36 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. The business has a 50-day moving average of $34.21 and a 200-day moving average of $33.10.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during 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 business's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.69%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper's payout ratio is 83.64%.

Wall Street Analyst Weigh In

KDP has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $36.00 to $42.00 in a report on Friday, April 25th. UBS Group upped their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, Argus began coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Insider Activity

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the transaction, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,837,350 shares of company stock valued at $2,771,297,650 over the last 90 days. Insiders own 1.00% of the company's stock.

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.