BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,919 shares of the company’s stock after purchasing an additional 48,726 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Keurig Dr Pepper were worth $5,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KDP. Capital World Investors lifted its stake in shares of Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after acquiring an additional 13,738,345 shares during the last quarter. Vanguard Group Inc. raised its position in Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock valued at $2,766,059,000 after purchasing an additional 818,426 shares during the last quarter. Capital International Investors raised its position in Keurig Dr Pepper by 1.3% during the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock valued at $1,867,937,000 after purchasing an additional 730,112 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Keurig Dr Pepper by 11.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after purchasing an additional 1,518,286 shares during the last quarter. Finally, Norges Bank bought a new position in Keurig Dr Pepper during the 4th quarter valued at approximately $317,979,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.08 during trading hours on Friday, reaching $33.06. The company had a trading volume of 507,548 shares, compared to its average volume of 9,171,574. The business has a fifty day moving average price of $33.73 and a 200-day moving average price of $32.09. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.00. The firm has a market cap of $44.82 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.41 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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 on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The shares were 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 $3,382,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now owns 12,565 shares in the company, valued at approximately $429,597.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,520 shares of company stock valued at $2,750,739. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KDP has been the subject of a number of recent analyst reports. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Jefferies Financial Group decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. BNP Paribas started coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. UBS Group upped their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price target for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.57.

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.