Zurcher Kantonalbank Zurich Cantonalbank Sells 5,542 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 512,767 shares of the company’s stock after selling 5,542 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Keurig Dr Pepper were worth $19,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional increased its holdings in Keurig Dr Pepper by 3.6% during the third quarter. CX Institutional now owns 8,129 shares of the company’s stock valued at $305,000 after buying an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock worth $320,000 after purchasing an additional 300 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the period. Federated Hermes Inc. lifted its position in Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares in the last quarter. Finally, Mather Group LLC. lifted its position in Keurig Dr Pepper by 29.0% during the second quarter. Mather Group LLC. now owns 1,742 shares of the company’s stock valued at $53,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price target on 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. Citigroup reduced their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. TD Cowen lifted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group decreased their price objective 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $38.36.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $32.65 on Friday. The company has a market cap of $44.29 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.52 and a beta of 0.63. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The stock’s 50 day simple moving average is $34.72 and its two-hundred day simple moving average is $34.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Keurig Dr Pepper’s revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.82%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This represents a 24.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

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.