Concurrent Investment Advisors LLC Raises Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Concurrent Investment Advisors LLC boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 185.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,611 shares of the company’s stock after buying an additional 33,554 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KDP. AMF Tjanstepension AB purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $2,557,000. Blue Trust Inc. lifted its stake in Keurig Dr Pepper by 343.6% in the 3rd quarter. Blue Trust Inc. now owns 3,766 shares of the company’s stock worth $141,000 after purchasing an additional 2,917 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Keurig Dr Pepper by 14.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,739 shares of the company’s stock worth $477,000 after purchasing an additional 1,651 shares in the last quarter. Signaturefd LLC lifted its stake in Keurig Dr Pepper by 6.6% in the 3rd quarter. Signaturefd LLC now owns 11,517 shares of the company’s stock worth $432,000 after purchasing an additional 713 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Keurig Dr Pepper by 6,430.6% in the 3rd quarter. International Assets Investment Management LLC now owns 114,351 shares of the company’s stock worth $4,286,000 after purchasing an additional 112,600 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target for the company. JPMorgan Chase & Co. cut 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 report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was acquired 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 in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 2.7 %

Keurig Dr Pepper stock opened at $34.04 on Friday. The firm has a 50 day moving average price of $31.80 and a 200 day moving average price of $33.95. The company has a market capitalization of $46.17 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.61. 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 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 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.