National Bank of Canada FI Has $78.44 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

National Bank of Canada FI grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 55.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,350,610 shares of the company’s stock after purchasing an additional 837,171 shares during the quarter. National Bank of Canada FI owned approximately 0.17% of Keurig Dr Pepper worth $78,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management bought a new stake in Keurig Dr Pepper in the 3rd quarter valued at $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $34,000. Ulland Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $50,000. Finally, Operose Advisors LLC increased its position in shares of Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now owns 67,103 shares in the company, valued at $2,253,989.77. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now owns 100,000 shares in the company, valued at approximately $3,382,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,085,652 shares of company stock valued at $2,892,832,080. Company insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of recent research reports. Wedbush decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Barclays upped their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Royal Bank of Canada cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. TD Cowen raised their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.64.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.27 during trading hours on Friday, reaching $33.83. 7,463,504 shares of the company were exchanged, compared to its average volume of 8,455,814. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The stock’s fifty day moving average is $30.68 and its two-hundred day moving average is $31.28. The company has a market cap of $45.86 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) 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 firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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.