BDF Gestion Has $1.42 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

BDF Gestion cut its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 69.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,079 shares of the company’s stock after selling 100,335 shares during the period. BDF Gestion’s holdings in Keurig Dr Pepper were worth $1,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Swedbank AB boosted its position in Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock valued at $23,994,000 after buying an additional 13,179 shares in the last quarter. Forsta AP Fonden raised its stake in shares of Keurig Dr Pepper by 7.7% in the fourth quarter. Forsta AP Fonden now owns 253,200 shares of the company’s stock valued at $8,133,000 after acquiring an additional 18,200 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Keurig Dr Pepper by 22.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 709,832 shares of the company’s stock worth $22,800,000 after acquiring an additional 130,768 shares in the last quarter. R Squared Ltd bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $70,000. Finally, Perigon Wealth Management LLC increased its holdings in Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded 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 report on Thursday, December 12th. Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Jefferies Financial Group lowered 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 report on Friday, October 25th. Finally, Barclays cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $32.24 on Friday. The stock has a 50 day simple moving average of $32.12 and a 200 day simple moving average of $34.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The firm has a market capitalization of $43.73 billion, a PE ratio of 19.54, a P/E/G ratio of 2.19 and a beta of 0.62.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.85%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

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.