Elo Mutual Pension Insurance Co Has $3.63 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Elo Mutual Pension Insurance Co increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,126 shares of the company’s stock after purchasing an additional 4,564 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $3,634,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of Keurig Dr Pepper by 13.7% during the 3rd quarter. Cerity Partners LLC now owns 142,822 shares of the company’s stock worth $5,353,000 after purchasing an additional 17,172 shares in the last quarter. Private Trust Co. NA raised its stake in Keurig Dr Pepper by 51.5% during the 3rd quarter. Private Trust Co. NA now owns 2,967 shares of the company’s stock worth $111,000 after buying an additional 1,008 shares during the period. Brooklyn Investment Group bought a new position in Keurig Dr Pepper in the third quarter worth approximately $61,000. Townsquare Capital LLC grew its stake in Keurig Dr Pepper by 38.4% in the third quarter. Townsquare Capital LLC now owns 15,407 shares of the company’s stock valued at $577,000 after acquiring an additional 4,275 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in shares of Keurig Dr Pepper by 1.9% during the third quarter. Glenmede Trust Co. NA now owns 28,593 shares of the company’s stock valued at $1,072,000 after acquiring an additional 524 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,397,350 shares of company stock valued at $2,756,292,570. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Down 1.5 %

Shares of NASDAQ KDP opened at $33.74 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The company has a market cap of $45.78 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $32.72 and a two-hundred day simple moving average of $33.57.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm 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. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Morgan Stanley boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price on the stock. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.