Keurig Dr Pepper, Inc $KDP Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 640,931 shares of the company’s stock after buying an additional 31,832 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Keurig Dr Pepper were worth $19,446,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its stake in Keurig Dr Pepper by 1.5% during the third quarter. Vontobel Holding Ltd. now owns 21,777 shares of the company’s stock valued at $661,000 after acquiring an additional 328 shares during the period. WJ Financial Advisors LLC raised its holdings in Keurig Dr Pepper by 1.6% in the 1st quarter. WJ Financial Advisors LLC now owns 27,383 shares of the company’s stock valued at $721,000 after acquiring an additional 433 shares in the last quarter. CX Institutional lifted its position in shares of Keurig Dr Pepper by 2.8% in the 3rd quarter. CX Institutional now owns 17,017 shares of the company’s stock worth $516,000 after acquiring an additional 469 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Keurig Dr Pepper by 33.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,400 shares of the company’s stock worth $74,000 after acquiring an additional 600 shares during the period. Finally, Mather Group LLC. lifted its position in shares of Keurig Dr Pepper by 54.9% in the 3rd quarter. Mather Group LLC. now owns 1,816 shares of the company’s stock worth $55,000 after acquiring an additional 644 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent research reports. BNP Paribas Exane lifted their price objective on Keurig Dr Pepper from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Morgan Stanley started coverage on Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $40.00 in a research note on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.78.

Keurig Dr Pepper Stock Down 1.4%

NASDAQ KDP opened at $34.68 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.40. The company has a market capitalization of $47.19 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.68 and a beta of 0.40. The stock’s 50 day moving average is $32.05 and its two-hundred day moving average is $30.63. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the prior year, the firm posted $0.49 EPS. Keurig Dr Pepper’s quarterly revenue was up 75.6% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper, Inc will post 2.30 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 annualized dividend and a yield of 2.7%. Keurig Dr Pepper’s payout ratio is currently 92.93%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total transaction of $390,600.00. Following the completion of the transaction, the insider directly owned 84,171 shares of the company’s stock, valued at approximately $2,739,766.05. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aaron E. Alt acquired 7,862 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.34% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.