Elo Mutual Pension Insurance Co Boosts Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Elo Mutual Pension Insurance Co increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,610 shares of the company’s stock after purchasing an additional 565 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $1,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlpInvest Partners B.V. raised its holdings in Keurig Dr Pepper by 176.5% during the fourth quarter. AlpInvest Partners B.V. now owns 3,990,400 shares of the company’s stock worth $112,439,000 after purchasing an additional 2,547,269 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Keurig Dr Pepper by 13.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 100,036 shares of the company’s stock worth $3,438,000 after buying an additional 12,120 shares during the period. Strs Ohio grew its position in Keurig Dr Pepper by 13.0% during the first quarter. Strs Ohio now owns 241,099 shares of the company’s stock worth $8,286,000 after buying an additional 27,801 shares during the period. FMR LLC grew its position in Keurig Dr Pepper by 12.0% during the fourth quarter. FMR LLC now owns 24,469,289 shares of the company’s stock worth $783,016,000 after buying an additional 2,626,073 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Keurig Dr Pepper by 9.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,032,510 shares of the company’s stock worth $69,857,000 after buying an additional 180,865 shares during the period. 44.81% of the stock is owned by hedge funds and other institutional investors.

Shares of KDP opened at $34.94 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.37 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $49.52 billion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 2.63 and a beta of 0.69. The firm’s 50 day moving average price is $35.96. Keurig Dr Pepper Inc. has a 1 year low of $26.67 and a 1 year high of $37.11.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 29th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.71 billion. Keurig Dr Pepper had a net margin of 12.55% and a return on equity of 8.74%. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Thursday, July 1st will be paid a dividend of $0.1875 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, June 30th. This represents a $0.75 annualized dividend and a dividend yield of 2.15%. Keurig Dr Pepper’s dividend payout ratio is presently 42.86%.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $39.00 in a research report on Friday, March 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, April 21st. Evercore ISI reiterated a “hold” rating on shares of Keurig Dr Pepper in a research report on Monday, May 3rd. Morgan Stanley increased their price target on shares of Keurig Dr Pepper from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, April 30th. Finally, Credit Suisse Group increased their price target on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, April 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Keurig Dr Pepper presently has an average rating of “Hold” and a consensus price target of $35.75.

In other Keurig Dr Pepper news, insider Herbert Derek Hopkins sold 111,537 shares of the stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $36.02, for a total transaction of $4,017,562.74. Following the transaction, the insider now owns 691,117 shares of the company’s stock, valued at $24,894,034.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Justin Whitmore purchased 8,916 shares of the business’s stock in a transaction on Thursday, May 20th. The shares were bought at an average cost of $36.18 per share, for a total transaction of $322,580.88. Following the purchase, the insider now owns 73,577 shares of the company’s stock, valued at $2,662,015.86. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment offers Keurig single serve brewers and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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