Mitsubishi UFJ Trust & Banking Corp Has $25.63 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 797,855 shares of the company’s stock after selling 68,530 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Keurig Dr Pepper worth $25,627,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC lifted its stake in Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after buying an additional 342 shares in the last quarter. Barden Capital Management Inc. lifted its position in Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock valued at $1,280,000 after acquiring an additional 353 shares in the last quarter. Custom Index Systems LLC boosted its stake in Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares during the period. First Hawaiian Bank increased its holdings in Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after purchasing an additional 384 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock valued at $532,000 after purchasing an additional 400 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $34.26 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $46.48 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The stock has a 50 day moving average of $32.67 and a 200-day moving average of $33.59.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.69%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Insider Transactions at Keurig Dr Pepper

In related news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,397,350 shares of company stock worth $2,756,292,570 over the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.23.

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.