Huntington National Bank Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Huntington National Bank increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.4% during the third quarter, Holdings Channel reports. The institutional investor owned 3,938 shares of the company’s stock after acquiring an additional 435 shares during the period. Huntington National Bank’s holdings in Keurig Dr Pepper were worth $148,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Keurig Dr Pepper by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after acquiring an additional 7,825,418 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Keurig Dr Pepper by 38.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock valued at $483,000 after buying an additional 4,351 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Keurig Dr Pepper by 367.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 45,660 shares of the company’s stock worth $1,400,000 after buying an additional 35,891 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Keurig Dr Pepper by 17.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,080,266 shares of the company’s stock worth $33,158,000 after buying an additional 159,308 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Keurig Dr Pepper by 37.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,337,000 shares of the company’s stock worth $41,006,000 after buying an additional 361,043 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of a number of research reports. TD Cowen lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.36.

Keurig Dr Pepper Stock Down 5.2 %

Shares of NASDAQ:KDP opened at $31.66 on Monday. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The stock’s 50-day moving average price is $35.73 and its two-hundred day moving average price is $34.78. 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 $42.95 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.45 and a beta of 0.63.

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

Keurig Dr Pepper Increases Dividend

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

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper 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 transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

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.