Clarkston Capital Partners LLC Boosts Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Clarkston Capital Partners LLC grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 588,802 shares of the company’s stock after acquiring an additional 1,481 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $22,068,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after acquiring an additional 7,825,418 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Keurig Dr Pepper by 38.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock worth $483,000 after purchasing an additional 4,351 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of Keurig Dr Pepper by 367.4% in the first quarter. UniSuper Management Pty Ltd now owns 45,660 shares of the company’s stock valued at $1,400,000 after purchasing an additional 35,891 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Keurig Dr Pepper by 17.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,080,266 shares of the company’s stock valued at $33,158,000 after purchasing an additional 159,308 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Keurig Dr Pepper by 37.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,337,000 shares of the company’s stock worth $41,006,000 after buying an additional 361,043 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 5.2 %

Shares of NASDAQ KDP opened at $31.66 on Monday. 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 stock has a market capitalization of $42.95 billion, a PE ratio of 19.19, a PEG ratio of 2.45 and a beta of 0.63. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a fifty day simple moving average of $35.73 and a 200-day simple moving average of $34.78.

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

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the 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 sale, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

KDP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price 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. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, TD Cowen increased their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.