Nomura Asset Management Co. Ltd. Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 391,296 shares of the company’s stock after acquiring an additional 14,377 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $12,568,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after buying an additional 22,856,757 shares during the period. Norges Bank acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at about $197,819,000. State Street Corp raised its stake in shares of Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after acquiring an additional 4,970,467 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Keurig Dr Pepper by 32.3% in the 4th quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company’s stock worth $600,189,000 after acquiring an additional 4,562,128 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after purchasing an additional 1,956,138 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KDP. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average target price of $38.23.

Insider Activity

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total transaction of $400,680.00. Following the sale, the insider now directly owns 178,511 shares in the company, valued at approximately $5,960,482.29. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,397,350 shares of company stock worth $2,756,292,570. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Trading Down 1.5 %

NASDAQ KDP opened at $33.74 on Monday. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The firm has a 50 day moving average of $32.72 and a two-hundred day moving average of $33.52. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $45.78 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Keurig Dr Pepper Company 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.