Zions Bancorporation N.A. Purchases 6,870 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zions Bancorporation N.A. boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 49.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,639 shares of the company’s stock after acquiring an additional 6,870 shares during the period. Zions Bancorporation N.A.’s holdings in Keurig Dr Pepper were worth $663,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in shares of Keurig Dr Pepper by 13.7% during the third quarter. Cerity Partners LLC now owns 142,822 shares of the company’s stock worth $5,353,000 after acquiring an additional 17,172 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Keurig Dr Pepper by 51.5% during the 3rd quarter. Private Trust Co. NA now owns 2,967 shares of the company’s stock valued at $111,000 after purchasing an additional 1,008 shares during the period. Bank of Montreal Can lifted its holdings in Keurig Dr Pepper by 0.7% during the 3rd quarter. Bank of Montreal Can now owns 1,264,222 shares of the company’s stock worth $47,307,000 after purchasing an additional 8,206 shares in the last quarter. Brooklyn Investment Group bought a new position in Keurig Dr Pepper in the 3rd quarter worth about $61,000. Finally, Avestar Capital LLC grew its holdings in Keurig Dr Pepper by 10.2% during the 3rd quarter. Avestar Capital LLC now owns 19,648 shares of the company’s stock valued at $736,000 after buying an additional 1,825 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were 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 owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,397,350 shares of company stock worth $2,756,292,570. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KDP shares. Piper Sandler began coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target on the stock. TD Cowen lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $34.06 on Thursday. The stock has a market cap of $46.21 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 2.42 and a beta of 0.62. The stock’s 50-day moving average is $32.61 and its 200 day moving average is $33.59. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business posted $0.55 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 87.62%.

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.