Mn Services Vermogensbeheer B.V. Raises Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 408,900 shares of the company’s stock after buying an additional 6,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Keurig Dr Pepper were worth $13,134,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KDP. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter worth $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper during the third quarter valued at about $35,000. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter worth about $37,000. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper in the 3rd quarter worth about $61,000. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $70,000. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays set a $39.00 target price on Keurig Dr Pepper in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted 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. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research report on Tuesday. They set a “neutral” rating and a $35.00 price target for the company. Finally, TD Cowen lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $33.60 on Friday. The firm has a market cap of $45.57 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. 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 company’s 50 day moving average is $31.91 and its 200-day moving average is $33.94. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.07 billion for 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 business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Insider Activity

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

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.