Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,184 shares of the company’s stock after purchasing an additional 1,454 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Keurig Dr Pepper were worth $2,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Keurig Dr Pepper by 3.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock worth $320,000 after purchasing an additional 300 shares during the last quarter. Perigon Wealth Management LLC increased its position in Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after purchasing an additional 342 shares during the last quarter. Custom Index Systems LLC increased its position in Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares during the last quarter. First Hawaiian Bank increased its position in Keurig Dr Pepper by 5.2% during the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after purchasing an additional 384 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in Keurig Dr Pepper by 2.9% during the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after purchasing an additional 400 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 1.0 %

Shares of KDP stock opened at $32.78 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market capitalization of $44.46 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.61. The company has a 50 day moving average price of $31.80 and a 200 day moving average price of $33.96. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors 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 dividend yield of 2.81%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KDP. Barclays cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped 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. Royal Bank of Canada lifted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group dropped their price target on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.