Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,084,471 shares of the company’s stock after acquiring an additional 9,674 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.22% of Keurig Dr Pepper worth $94,601,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LPL Financial LLC grew its position in Keurig Dr Pepper by 93.6% during the 3rd quarter. LPL Financial LLC now owns 226,210 shares of the company’s stock worth $7,141,000 after purchasing an additional 109,361 shares during the period. Glenmede Trust Co. NA raised its position in Keurig Dr Pepper by 63.7% during the third quarter. Glenmede Trust Co. NA now owns 20,705 shares of the company’s stock valued at $654,000 after acquiring an additional 8,058 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Keurig Dr Pepper by 19.2% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,000,200 shares of the company’s stock valued at $31,576,000 after acquiring an additional 161,000 shares during the period. Legal & General Group Plc boosted its position in Keurig Dr Pepper by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 6,998,208 shares of the company’s stock worth $220,933,000 after purchasing an additional 35,071 shares in the last quarter. Finally, JT Stratford LLC increased its holdings in shares of Keurig Dr Pepper by 29.1% during the 3rd quarter. JT Stratford LLC now owns 31,742 shares of the company’s stock valued at $1,002,000 after purchasing an additional 7,148 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $32.72 on Thursday. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.00. The company has a market cap of $44.35 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.48 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $33.98 and its 200-day moving average price is $32.10.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Analyst Ratings Changes

KDP has been the topic of several analyst reports. TD Cowen raised their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Jefferies Financial Group cut their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Barclays increased their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. UBS Group boosted their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, Wells Fargo & Company increased their target price on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.57.

Insider Transactions at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the sale, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the transaction, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roger Frederick Johnson sold 31,227 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The disclosure for this sale can be found here. Insiders have sold a total of 81,520 shares of company stock worth $2,750,739 in the last quarter. Company insiders own 1.00% of the company’s stock.

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.