Caisse DE Depot ET Placement DU Quebec Sells 295,482 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Caisse DE Depot ET Placement DU Quebec cut its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 96.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,348 shares of the company’s stock after selling 295,482 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Keurig Dr Pepper were worth $425,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Verition Fund Management LLC grew its stake in shares of Keurig Dr Pepper by 1.6% in the 3rd quarter. Verition Fund Management LLC now owns 476,519 shares of the company’s stock worth $17,860,000 after buying an additional 7,365 shares in the last quarter. Auxier Asset Management increased its stake in Keurig Dr Pepper by 1.2% during the third quarter. Auxier Asset Management now owns 67,406 shares of the company’s stock worth $2,526,000 after acquiring an additional 802 shares during the last quarter. Captrust Financial Advisors raised its position in Keurig Dr Pepper by 77.8% during the third quarter. Captrust Financial Advisors now owns 54,941 shares of the company’s stock valued at $2,059,000 after purchasing an additional 24,034 shares during the period. Suvretta Capital Management LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $26,352,000. Finally, Vinva Investment Management Ltd boosted its holdings in shares of Keurig Dr Pepper by 3.0% in the 3rd quarter. Vinva Investment Management Ltd now owns 40,347 shares of the company’s stock worth $1,510,000 after purchasing an additional 1,170 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Down 0.5 %

NASDAQ:KDP opened at $32.38 on Wednesday. The firm has a 50-day simple moving average of $34.50 and a 200-day simple moving average of $34.65. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The firm has a market cap of $43.92 billion, a P/E ratio of 19.62, a P/E/G ratio of 2.51 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.84%. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KDP. Citigroup decreased their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. cut their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Barclays cut their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their price target on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.36.

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.