ING Groep NV Has $44.35 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

ING Groep NV grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 112.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,183,237 shares of the company’s stock after buying an additional 625,852 shares during the quarter. ING Groep NV owned approximately 0.09% of Keurig Dr Pepper worth $44,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Keurig Dr Pepper by 107.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after acquiring an additional 12,259,471 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Keurig Dr Pepper by 9.4% in the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Keurig Dr Pepper by 41.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company’s stock worth $212,901,000 after buying an additional 1,878,597 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Keurig Dr Pepper in the second quarter worth about $37,643,000. Finally, Armistice Capital LLC boosted its stake in shares of Keurig Dr Pepper by 186.3% during the 2nd quarter. Armistice Capital LLC now owns 1,486,063 shares of the company’s stock worth $49,635,000 after acquiring an additional 966,924 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.2 %

Shares of KDP traded down $0.07 on Thursday, reaching $33.49. 1,861,064 shares of the company’s stock were exchanged, compared to its average volume of 9,149,276. The business has a 50 day moving average price of $35.90 and a two-hundred day moving average price of $34.79. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The stock has a market capitalization of $45.43 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.58 and a beta of 0.63. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

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

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.23 dividend. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.75%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was 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 of the company’s stock, valued at $7,001,592,649.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KDP. Wells Fargo & Company reduced their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, October 25th. TD Cowen upped their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. dropped their target price 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. Royal Bank of Canada upped their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $38.36.

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.