Keurig Dr Pepper, Inc $KDP Stock Holdings Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 2.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,491,827 shares of the company’s stock after acquiring an additional 85,916 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Keurig Dr Pepper were worth $105,942,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Keurig Dr Pepper in the second quarter valued at about $4,697,645,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Keurig Dr Pepper in the second quarter worth about $767,105,000. Bank of America Corp DE bought a new position in Keurig Dr Pepper during the second quarter worth about $281,503,000. Legal & General Group Plc bought a new position in Keurig Dr Pepper during the second quarter worth about $269,336,000. Finally, Bank of New York Mellon Corp bought a new position in Keurig Dr Pepper during the second quarter worth about $231,345,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the transaction, the vice president owned 55,786 shares in the company, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aaron E. Alt bought 7,862 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the acquisition, the director directly owned 7,862 shares in the company, valued at $250,247.46. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KDP shares. Piper Sandler reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Barclays raised their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Morgan Stanley initiated coverage on Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $36.12.

Keurig Dr Pepper Stock Up 2.7%

KDP opened at $36.82 on Tuesday. The firm has a market cap of $50.11 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 1.66 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The firm’s 50-day simple moving average is $32.54 and its 200-day simple moving average is $30.03. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $36.95.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm’s quarterly revenue was up 75.6% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.30 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, September 28th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 92.93%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.