KBC Group NV Raises Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

KBC Group NV grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.6% in the third quarter, Holdings Channel reports. The fund owned 232,504 shares of the company’s stock after buying an additional 18,370 shares during the quarter. KBC Group NV’s holdings in Keurig Dr Pepper were worth $8,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KDP. Empowered Funds LLC increased its stake in Keurig Dr Pepper by 34.6% during the first quarter. Empowered Funds LLC now owns 13,247 shares of the company’s stock worth $406,000 after acquiring an additional 3,404 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares during the last quarter. Cynosure Group LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at $330,000. Bahl & Gaynor Inc. lifted its position in Keurig Dr Pepper by 1.6% in the first quarter. Bahl & Gaynor Inc. now owns 5,030,689 shares of the company’s stock worth $154,291,000 after buying an additional 77,460 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Keurig Dr Pepper by 38.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock worth $483,000 after buying an additional 4,351 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KDP shares. Barclays reduced their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company cut their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Finally, TD Cowen upped their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.36.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Down 5.2 %

Shares of Keurig Dr Pepper stock opened at $31.66 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.59 and a beta of 0.63. The firm’s 50-day moving average is $35.73 and its two-hundred day moving average is $34.77. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.23 dividend. The ex-dividend date was Friday, September 27th. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.91%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

About Keurig Dr Pepper

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.