Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 137,641 shares of the company’s stock after selling 4,831 shares during the period. Bfsg LLC’s holdings in Keurig Dr Pepper were worth $4,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KDP. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Keurig Dr Pepper by 1.9% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 76,184 shares of the company’s stock worth $2,447,000 after purchasing an additional 1,454 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Keurig Dr Pepper by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 435,035 shares of the company’s stock worth $13,973,000 after purchasing an additional 20,291 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 10.5% during the fourth quarter. Sanctuary Advisors LLC now owns 86,345 shares of the company’s stock worth $2,784,000 after purchasing an additional 8,190 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 97.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 3,946 shares of the company’s stock worth $127,000 after purchasing an additional 1,949 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in Keurig Dr Pepper by 1.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 398,513 shares of the company’s stock valued at $12,800,000 after acquiring an additional 5,732 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 0.7 %

NASDAQ:KDP opened at $31.65 on Tuesday. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $31.83 and a two-hundred day moving average price of $33.99. The company has a market cap of $42.93 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price target on the stock. Citigroup dropped their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. UBS Group dropped their target price on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Six investment 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 company has an average rating of “Moderate Buy” and an average target price of $37.50.

Insider Activity

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 that occurred on Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper 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.