6,270 Shares in Keurig Dr Pepper, Inc $KDP Bought by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,270 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Amundi increased its holdings in Keurig Dr Pepper by 7.7% in the 1st quarter. Amundi now owns 4,404,145 shares of the company’s stock valued at $156,920,000 after purchasing an additional 315,290 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Keurig Dr Pepper by 61.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock worth $2,075,000 after buying an additional 23,167 shares during the period. Truist Financial Corp grew its stake in shares of Keurig Dr Pepper by 15.2% in the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after buying an additional 39,916 shares in the last quarter. LBP AM SA raised its holdings in shares of Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after buying an additional 519,851 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Keurig Dr Pepper by 9.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after acquiring an additional 12,530 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.3%

Shares of NASDAQ:KDP opened at $26.36 on Friday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company’s 50 day moving average is $27.05 and its two-hundred day moving average is $31.27. The company has a market cap of $35.81 billion, a PE ratio of 22.72, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. Equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of a number of recent research reports. Piper Sandler cut their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, BNP Paribas cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.27.

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.