Edmond DE Rothschild Holding S.A. Invests $42,000 in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,299 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors also recently modified their holdings of KDP. Vanguard Group Inc. lifted its position 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 acquiring an additional 22,856,757 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after buying an additional 5,646,179 shares during the last quarter. State Street Corp grew its holdings in Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after buying an additional 4,970,467 shares in the last quarter. Geode Capital Management LLC raised its position in Keurig Dr Pepper by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after buying an additional 591,316 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company’s stock valued at $681,579,000 after acquiring an additional 8,363,192 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KDP. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted 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. Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price for the company. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. Finally, 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $38.38.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired 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 directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,397,350 shares of company stock valued at $2,756,292,570 over the last three months. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $35.14 on Thursday. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The business’s fifty day moving average is $32.91 and its 200 day moving average is $33.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market cap of $47.68 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 87.62%.

Keurig Dr Pepper 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.