Mitsubishi UFJ Asset Management Co. Ltd. Has $60.45 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,916,555 shares of the company’s stock after acquiring an additional 276,669 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Keurig Dr Pepper worth $60,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper in the 4th quarter worth about $37,000. Brooklyn Investment Group bought a new position in Keurig Dr Pepper in the third quarter valued at about $61,000. R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at about $70,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $77,000. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the sale, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction dated 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 transaction, the insider now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 84,397,350 shares of company stock worth $2,756,292,570 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Down 1.5 %

Keurig Dr Pepper stock opened at $33.74 on Friday. 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 company has a market capitalization of $45.78 billion, a PE ratio of 20.45, a PEG ratio of 2.42 and a beta of 0.62. The firm’s fifty day moving average is $32.72 and its 200 day moving average is $33.57. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) 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 company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 87.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 target price on the stock. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Barclays set a $39.00 price objective on Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, TD Cowen reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Company 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.