BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $20.64 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 44.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 550,749 shares of the company’s stock after acquiring an additional 170,141 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Keurig Dr Pepper were worth $20,642,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KDP. O Shaughnessy Asset Management LLC lifted its holdings in Keurig Dr Pepper by 38.2% during the 1st 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. 1832 Asset Management L.P. raised its position in shares of Keurig Dr Pepper by 13.0% during the first quarter. 1832 Asset Management L.P. now owns 77,011 shares of the company’s stock worth $2,362,000 after acquiring an additional 8,873 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after acquiring an additional 12,259,471 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in Keurig Dr Pepper by 163.6% in the first quarter. Mount Yale Investment Advisors LLC now owns 73,097 shares of the company’s stock valued at $2,242,000 after acquiring an additional 45,362 shares during the last quarter. Finally, Sandia Investment Management LP increased its position in Keurig Dr Pepper by 200.0% during the 1st quarter. Sandia Investment Management LP now owns 30,000 shares of the company’s stock valued at $920,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $32.66 on Friday. The company has a market cap of $44.30 billion, a P/E ratio of 19.79, a PEG ratio of 2.44 and a beta of 0.63. The company has a fifty day simple moving average of $35.20 and a 200 day simple moving average of $34.70. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid 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 annualized dividend and a dividend yield of 2.82%. Keurig Dr Pepper’s dividend payout ratio is 55.76%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KDP. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.36.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.