Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,098 shares of the company’s stock after acquiring an additional 52,883 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Keurig Dr Pepper were worth $11,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp lifted its position in shares of Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after buying an additional 4,970,467 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after buying an additional 1,956,138 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Keurig Dr Pepper by 125.5% in the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after buying an additional 767,298 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Keurig Dr Pepper by 5.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after buying an additional 730,297 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $31.00 on Friday. 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 one year low of $28.61 and a one year high of $38.28. The company has a market cap of $42.05 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.24 and a beta of 0.61. The business has a fifty day moving average of $32.05 and a two-hundred day moving average of $34.11.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders 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 2.97%. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Piper Sandler started coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, UBS Group reduced their price objective on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.50.

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.