Zurcher Kantonalbank Zurich Cantonalbank Buys 582,382 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 284.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 786,925 shares of the company’s stock after buying an additional 582,382 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Keurig Dr Pepper worth $26,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Achmea Investment Management B.V. grew its holdings in shares of Keurig Dr Pepper by 0.8% during the third quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock worth $1,226,000 after purchasing an additional 324 shares in the last quarter. Operose Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after purchasing an additional 373 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Keurig Dr Pepper by 0.4% during the first quarter. Baird Financial Group Inc. now owns 92,573 shares of the company’s stock worth $3,508,000 after purchasing an additional 401 shares in the last quarter. Retirement Guys Formula LLC grew its holdings in shares of Keurig Dr Pepper by 3.1% during the third quarter. Retirement Guys Formula LLC now owns 14,708 shares of the company’s stock worth $464,000 after purchasing an additional 444 shares in the last quarter. Finally, Mckinley Capital Management LLC grew its holdings in shares of Keurig Dr Pepper by 1.3% during the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock worth $1,129,000 after purchasing an additional 470 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $30.88 on Thursday. The firm has a market cap of $42.85 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.66. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The business has a 50 day moving average price of $30.25 and a 200-day moving average price of $31.00.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.78%. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KDP. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. HSBC assumed coverage on Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 target price for the company. Morgan Stanley cut their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Finally, Barclays upped their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the transaction, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the transaction, the insider now owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold a total of 100,012,132 shares of company stock worth $2,890,354,861 over the last quarter. 0.81% of the stock is owned by corporate 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.