MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 32.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,498,610 shares of the company’s stock after purchasing an additional 363,191 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Keurig Dr Pepper were worth $47,896,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Keurig Dr Pepper by 3.0% during the 2nd quarter. American Century Companies Inc. now owns 101,670 shares of the company’s stock valued at $3,396,000 after purchasing an additional 2,958 shares in the last quarter. Federated Hermes Inc. grew its stake in Keurig Dr Pepper by 21.8% in the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock worth $59,000 after purchasing an additional 314 shares in the last quarter. Blair William & Co. IL bought a new stake in Keurig Dr Pepper in the second quarter valued at about $217,000. Benjamin F. Edwards & Company Inc. raised its stake in Keurig Dr Pepper by 83.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,040 shares of the company’s stock valued at $102,000 after buying an additional 1,380 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in Keurig Dr Pepper during the 2nd quarter worth approximately $288,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KDP. TD Cowen lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. UBS Group lowered their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada increased their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Citigroup decreased their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Keurig Dr Pepper Trading Down 1.4 %

Shares of KDP stock opened at $31.05 on Friday. The firm has a market capitalization of $42.12 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The stock has a fifty day moving average of $32.13 and a two-hundred day moving average of $34.15.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results 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 analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. Keurig Dr Pepper’s revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.23 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.96%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was 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 filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

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.