Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 17.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,259,322 shares of the company’s stock after buying an additional 342,767 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Keurig Dr Pepper worth $77,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. Vanguard Group Inc. increased its holdings in shares of Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company’s stock valued at $4,962,338,000 after purchasing an additional 25,425,644 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock valued at $1,755,564,000 after purchasing an additional 14,473,054 shares during the period. Northern Trust Corp grew its holdings in Keurig Dr Pepper by 20.6% during the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company’s stock worth $436,788,000 after acquiring an additional 2,320,614 shares during the period. Dimensional Fund Advisors LP grew its holdings in Keurig Dr Pepper by 18.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company’s stock worth $318,836,000 after acquiring an additional 1,548,622 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Keurig Dr Pepper by 15.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,260,957 shares of the company’s stock worth $297,462,000 after acquiring an additional 1,258,062 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KDP. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Argus initiated coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. UBS Group decreased their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $39.77.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $34.42 on Friday. The business’s 50-day moving average price is $33.31 and its 200 day moving average price is $33.41. Keurig Dr Pepper, Inc has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a market capitalization of $46.76 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.7%. Keurig Dr Pepper’s dividend payout ratio is currently 82.14%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director De Ven Michael G. Van purchased 15,000 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 672,000 shares of company stock worth $22,235,760 over the last three months. 0.40% of the stock is 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.