First Hawaiian Bank Buys 384 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

First Hawaiian Bank raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,789 shares of the company’s stock after purchasing an additional 384 shares during the quarter. First Hawaiian Bank’s holdings in Keurig Dr Pepper were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KDP. Fulton Bank N.A. grew its stake in shares of Keurig Dr Pepper by 39.5% in the fourth quarter. Fulton Bank N.A. now owns 49,347 shares of the company’s stock valued at $1,585,000 after buying an additional 13,971 shares in the last quarter. Kings Path Partners LLC lifted its stake in Keurig Dr Pepper by 16.4% in the fourth quarter. Kings Path Partners LLC now owns 34,967 shares of the company’s stock valued at $1,123,000 after acquiring an additional 4,938 shares during the last quarter. Pensionfund Sabic grew its position in shares of Keurig Dr Pepper by 53.1% in the 4th quarter. Pensionfund Sabic now owns 49,000 shares of the company’s stock valued at $1,574,000 after acquiring an additional 17,000 shares during the period. Nordea Investment Management AB increased its stake in shares of Keurig Dr Pepper by 42.1% during the 4th quarter. Nordea Investment Management AB now owns 72,577 shares of the company’s stock worth $2,327,000 after purchasing an additional 21,501 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Keurig Dr Pepper by 87.2% in the 4th quarter. GAMMA Investing LLC now owns 8,084 shares of the company’s stock valued at $260,000 after purchasing an additional 3,765 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $30.38 on Friday. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The company’s 50 day moving average price is $32.45 and its two-hundred day moving average price is $34.27. The firm has a market cap of $41.21 billion, a PE ratio of 18.41, a PEG ratio of 2.59 and a beta of 0.61. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 3.03%. Keurig Dr Pepper’s dividend payout ratio is 55.76%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price on the stock. Wells Fargo & Company cut their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.93.

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.