Zions Bancorporation N.A. Buys 2,564 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zions Bancorporation N.A. raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 22.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,769 shares of the company’s stock after purchasing an additional 2,564 shares during the quarter. Zions Bancorporation N.A.’s holdings in Keurig Dr Pepper were worth $516,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KDP. Huntington National Bank increased its position in shares of Keurig Dr Pepper by 12.4% during the third quarter. Huntington National Bank now owns 3,938 shares of the company’s stock valued at $148,000 after purchasing an additional 435 shares during the period. KBC Group NV boosted its stake in Keurig Dr Pepper by 8.6% during the third quarter. KBC Group NV now owns 232,504 shares of the company’s stock worth $8,714,000 after buying an additional 18,370 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its holdings in Keurig Dr Pepper by 18.9% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 17,703 shares of the company’s stock valued at $664,000 after buying an additional 2,812 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Keurig Dr Pepper by 1.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,895,796 shares of the company’s stock valued at $108,534,000 after buying an additional 29,891 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Keurig Dr Pepper during the 3rd quarter worth about $2,744,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays lowered their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. TD Cowen upped their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.36.

Keurig Dr Pepper Stock Down 5.2 %

NASDAQ KDP opened at $31.66 on Friday. The stock has a market capitalization of $42.95 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a fifty day moving average of $35.73 and a 200-day moving average of $34.76.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Keurig Dr Pepper 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.