Commerzbank Aktiengesellschaft FI Acquires 2,857 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,719 shares of the company’s stock after purchasing an additional 2,857 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Keurig Dr Pepper were worth $1,046,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at $35,000. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $37,000. Brooklyn Investment Group bought a new position in shares of Keurig Dr Pepper in the third quarter valued at $61,000. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $70,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on KDP. Morgan Stanley raised 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 research note on Wednesday, February 26th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.23.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $33.60 on Wednesday. The firm has a market cap of $45.59 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.42 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 Inc. has a 52 week low of $28.62 and a 52 week high of $38.28. The firm’s 50-day simple moving average is $31.99 and its two-hundred day simple moving average is $33.89.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.55 earnings per share. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

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