Tokio Marine Asset Management Co. Ltd. Buys 4,367 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 24.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,249 shares of the company’s stock after purchasing an additional 4,367 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KDP. Achmea Investment Management B.V. raised its stake in Keurig Dr Pepper by 0.8% during the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after purchasing an additional 324 shares in the last quarter. Operose Advisors LLC raised its stake in 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 in the last quarter. Mckinley Capital Management LLC raised its stake in Keurig Dr Pepper by 1.3% during the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after purchasing an additional 470 shares in the last quarter. Dakota Wealth Management raised its stake in Keurig Dr Pepper by 2.3% during the third quarter. Dakota Wealth Management now owns 21,826 shares of the company’s stock valued at $689,000 after purchasing an additional 483 shares in the last quarter. Finally, CX Institutional raised its stake in Keurig Dr Pepper by 6.2% during the third quarter. CX Institutional now owns 8,483 shares of the company’s stock valued at $268,000 after purchasing an additional 492 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Activity

In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KDP. Morgan Stanley reduced their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Barclays increased their target price on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Wedbush reduced their target price 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. Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Finally, TD Cowen increased their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.33.

Keurig Dr Pepper Stock Down 0.4 %

Shares of Keurig Dr Pepper stock opened at $33.72 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.25. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65. The firm’s 50-day moving average is $30.41 and its two-hundred day moving average is $31.08. The stock has a market cap of $46.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results 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 net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the prior year, the business earned $0.34 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Keurig Dr Pepper Company 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.