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

Elo Mutual Pension Insurance Co grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,126 shares of the company’s stock after buying 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Keurig Dr Pepper by 16.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,916,555 shares of the company’s stock valued at $60,448,000 after purchasing an additional 276,669 shares during the last quarter. Korea Investment CORP grew its holdings in Keurig Dr Pepper by 77.0% in the 4th quarter. Korea Investment CORP now owns 933,748 shares of the company’s stock valued at $29,992,000 after buying an additional 406,237 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Keurig Dr Pepper by 6.3% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 44,614 shares of the company’s stock worth $1,433,000 after buying an additional 2,650 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Keurig Dr Pepper by 49.9% during the fourth quarter. Zions Bancorporation N.A. now owns 20,639 shares of the company’s stock worth $663,000 after buying an additional 6,870 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Keurig Dr Pepper by 5.5% in the fourth quarter. Prudential Financial Inc. now owns 3,435,311 shares of the company’s stock valued at $110,342,000 after acquiring an additional 179,067 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the transaction, the insider now directly owns 187,537 shares of the company’s stock, valued at $6,385,634.85. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This represents a 8.97 % 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 valued at $2,756,292,570 over the last 90 days. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Down 1.5 %

NASDAQ KDP opened at $33.74 on Friday. The company has a market cap of $45.78 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. 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’s fifty day moving average is $32.72 and its 200 day moving average is $33.57.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend 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 Upgrades and Downgrades

KDP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of 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 research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Morgan Stanley increased their target price 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, Barclays set a $39.00 price target on Keurig Dr Pepper in a research note on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.