Zions Bancorporation N.A. Has $516,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Zions Bancorporation N.A. increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 22.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,769 shares of the company’s stock after buying an additional 2,564 shares during the quarter. Zions Bancorporation N.A.’s holdings in Keurig Dr Pepper were worth $516,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. raised its stake in Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after purchasing an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after acquiring an additional 301 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group dropped their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Barclays lowered their target price on Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Seven 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, the stock has an average rating of “Moderate Buy” and an average price target of $38.36.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value 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 approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $31.66 on Friday. The business’s fifty day simple moving average is $35.73 and its 200 day simple moving average is $34.76. 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 12 month low of $28.61 and a 12 month high of $38.28. The firm has a market capitalization of $42.95 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. As a group, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

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.