Brooklyn Investment Group Has $70,000 Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Brooklyn Investment Group raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 34.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,184 shares of the company’s stock after buying an additional 554 shares during the period. Brooklyn Investment Group’s holdings in Keurig Dr Pepper were worth $70,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC acquired a new position in Keurig Dr Pepper in the fourth quarter worth approximately $426,000. Avanza Fonder AB acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $3,676,000. Sendero Wealth Management LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $4,759,000. Assenagon Asset Management S.A. raised its holdings in shares of Keurig Dr Pepper by 15.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 112,446 shares of the company’s stock valued at $3,612,000 after purchasing an additional 15,178 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in Keurig Dr Pepper in the fourth quarter worth $209,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KDP. Royal Bank of Canada boosted their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company decreased their target price on 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. Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. 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 report on Friday, October 25th. Finally, TD Cowen dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Trading Up 1.1 %

KDP stock opened at $31.62 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market cap of $42.89 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.20 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The business’s 50 day moving average is $32.28 and its 200-day moving average is $34.19.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. 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.