abrdn plc lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,478,125 shares of the company's stock after acquiring an additional 136,654 shares during the quarter. abrdn plc owned approximately 0.11% of Keurig Dr Pepper worth $47,160,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Swedbank AB increased its holdings in Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company's stock valued at $27,504,000 after buying an additional 268,555 shares during the period. Pathstone Holdings LLC boosted its stake in Keurig Dr Pepper by 0.7% in the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock valued at $122,038,000 after acquiring an additional 22,657 shares in the last quarter. Franklin Resources Inc. boosted its stake in Keurig Dr Pepper by 7.1% in the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares in the last quarter. LMR Partners LLP boosted its stake in Keurig Dr Pepper by 55.5% in the third quarter. LMR Partners LLP now owns 521,000 shares of the company's stock valued at $19,527,000 after acquiring an additional 186,002 shares in the last quarter. Finally, Curi RMB Capital LLC boosted its stake in Keurig Dr Pepper by 9.4% in the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock valued at $23,539,000 after acquiring an additional 54,167 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.
Keurig Dr Pepper Stock Up 0.1 %
KDP traded up $0.04 during trading hours on Friday, hitting $31.04. 7,780,873 shares of the company's stock were exchanged, compared to its average volume of 8,124,423. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The firm has a 50 day moving average of $31.98 and a 200 day moving average of $34.07. The firm has a market cap of $42.10 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.
Keurig Dr Pepper Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.
Wall Street Analyst Weigh In
KDP has been the subject of several research reports. Citigroup lowered 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 research note on Friday, October 25th. TD Cowen reduced their target price 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. JPMorgan Chase & Co. reduced their target price 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. 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 report on Friday, January 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus target price of $37.50.
View Our Latest Analysis on Keurig Dr Pepper
Insider Buying and Selling at Keurig Dr Pepper
In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.
About Keurig Dr Pepper
(
Free Report)
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.
Further Reading
Before you consider Keurig Dr Pepper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Keurig Dr Pepper wasn't on the list.
While Keurig Dr Pepper currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
