Tokio Marine Asset Management Co. Ltd. Raises Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 24.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,249 shares of the company’s stock after purchasing an additional 4,367 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. AE Wealth Management LLC raised its holdings in shares of Keurig Dr Pepper by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 28,992 shares of the company’s stock valued at $915,000 after acquiring an additional 1,093 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Keurig Dr Pepper by 271.5% in the 3rd quarter. IFP Advisors Inc now owns 4,852 shares of the company’s stock valued at $153,000 after acquiring an additional 3,546 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Keurig Dr Pepper by 10.1% in the 3rd quarter. Caprock Group LLC now owns 18,192 shares of the company’s stock valued at $578,000 after acquiring an additional 1,676 shares in the last quarter. CX Institutional raised its holdings in shares of Keurig Dr Pepper by 6.2% in the 3rd quarter. CX Institutional now owns 8,483 shares of the company’s stock valued at $268,000 after acquiring an additional 492 shares in the last quarter. Finally, Czech National Bank raised its holdings in shares of Keurig Dr Pepper by 76.3% in the 3rd quarter. Czech National Bank now owns 175,833 shares of the company’s stock valued at $5,551,000 after acquiring an additional 76,125 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on KDP shares. Royal Bank of Canada lowered their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Barclays increased their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. TD Cowen increased their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Morgan Stanley reduced their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.33.

Keurig Dr Pepper Price Performance

KDP opened at $33.72 on Friday. The stock’s 50 day simple moving average is $30.41 and its 200 day simple moving average is $31.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.25. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.215 dividend. 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 2.55%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper stock in a transaction that occurred 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 sale, the director now directly owns 37,643 shares in the company, valued at approximately $1,101,057.75. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred 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 approximately $1,101,057.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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. In the last three months, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is currently owned by insiders.

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.