Cibc World Markets Corp Boosts Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Cibc World Markets Corp lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,981 shares of the company’s stock after acquiring an additional 81,302 shares during the period. Cibc World Markets Corp’s holdings in Keurig Dr Pepper were worth $15,192,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $35,000. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $37,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth about $61,000. R Squared Ltd acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $70,000. Finally, Cromwell Holdings LLC purchased a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $77,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 0.7 %

Shares of NASDAQ:KDP opened at $33.84 on Tuesday. Keurig Dr Pepper Inc. has a 12-month low of $28.80 and a 12-month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market cap of $45.91 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. The company has a fifty day simple moving average of $32.22 and a 200 day simple moving average of $33.72.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. On average, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

Analysts Set New Price Targets

Several research firms have recently issued reports on KDP. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the transaction, the insider now directly owns 187,537 shares of the company’s stock, valued at approximately $6,385,634.85. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,385,350 shares of company stock worth $2,755,891,890. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Company 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.