National Bank of Canada FI Acquires 482,762 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Bank of Canada FI grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 19.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,934,962 shares of the company’s stock after acquiring an additional 482,762 shares during the period. National Bank of Canada FI’s holdings in Keurig Dr Pepper were worth $94,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KDP. Townsquare Capital LLC boosted its position in shares of Keurig Dr Pepper by 38.4% during the third quarter. Townsquare Capital LLC now owns 15,407 shares of the company’s stock valued at $577,000 after buying an additional 4,275 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Keurig Dr Pepper by 1.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 28,593 shares of the company’s stock valued at $1,072,000 after acquiring an additional 524 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Keurig Dr Pepper by 77.8% during the 3rd quarter. Captrust Financial Advisors now owns 54,941 shares of the company’s stock worth $2,059,000 after acquiring an additional 24,034 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $6,066,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of Keurig Dr Pepper by 39.0% in the third quarter. Benjamin Edwards Inc. now owns 16,725 shares of the company’s stock valued at $627,000 after purchasing an additional 4,691 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the transaction, the insider now owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,397,350 shares of company stock valued at $2,756,292,570. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KDP shares. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price objective on the stock. Finally, Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $40.00 in a research note on Tuesday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $38.38.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $34.97 on Wednesday. The firm has a market capitalization of $47.45 billion, a PE ratio of 21.19, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $32.83 and a two-hundred day moving average price of $33.48. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.63%. Keurig Dr Pepper’s payout ratio is 87.62%.

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.