Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 570,010 shares of the company’s stock after acquiring an additional 30,751 shares during the period. Asset Management One Co. Ltd.’s holdings in Keurig Dr Pepper were worth $18,394,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter worth $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $35,000. Brooklyn Investment Group purchased a new position in shares of Keurig Dr Pepper in the third quarter valued at $61,000. Catalyst Capital Advisors LLC lifted its holdings in Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after buying an additional 684 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Keurig Dr Pepper in the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KDP shares. TD Cowen reduced their price target 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. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on 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. Finally, 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 target price on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $31.65 on Friday. The company has a market cap of $42.93 billion, a P/E ratio of 19.18, a P/E/G ratio of 2.16 and a beta of 0.61. The company has a fifty day simple moving average of $31.87 and a 200 day simple moving average of $34.01. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.