Cromwell Holdings LLC Acquires New Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Cromwell Holdings LLC acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,400 shares of the company’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. Sumitomo Mitsui Trust Group Inc. boosted its stake in Keurig Dr Pepper by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after purchasing an additional 242,315 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock valued at $122,038,000 after purchasing an additional 22,657 shares during the last quarter. Franklin Resources Inc. boosted its stake in Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after purchasing an additional 41,466 shares during the last quarter. Swedbank AB boosted its stake in Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock valued at $23,994,000 after purchasing an additional 13,179 shares during the last quarter. Finally, LMR Partners LLP boosted its stake in Keurig Dr Pepper by 55.5% during the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after purchasing an additional 186,002 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $33.13 on Friday. The stock has a 50-day simple moving average of $31.79 and a two-hundred day simple moving average of $33.95. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. 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 firm has a market capitalization of $44.94 billion, a PE ratio of 20.08, a P/E/G ratio of 2.37 and a beta of 0.61.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analyst Ratings Changes

Several analysts have commented on KDP shares. Royal Bank of Canada increased their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. UBS Group cut their target price on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

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.