Allspring Global Investments Holdings LLC boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,378,207 shares of the company's stock after buying an additional 59,464 shares during the quarter. Keurig Dr Pepper makes up about 0.8% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 14th largest holding. Allspring Global Investments Holdings LLC owned approximately 1.13% of Keurig Dr Pepper worth $488,463,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper during the third quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper during the third quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in shares of Keurig Dr Pepper in the third quarter worth $61,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock worth $75,000 after buying an additional 684 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $70,000. 93.99% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.
Keurig Dr Pepper Stock Performance
Shares of Keurig Dr Pepper stock traded down $0.22 during midday trading on Friday, hitting $31.65. The company had a trading volume of 9,638,359 shares, compared to its average volume of 8,124,423. The stock has a market cap of $42.93 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.16 and a beta of 0.61. 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 company has a fifty day simple moving average of $31.87 and a 200 day simple moving average of $34.01. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28.
Keurig Dr Pepper Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's payout ratio is currently 55.76%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 target price on the stock. Barclays lowered 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 report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their price target 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus target price of $37.50.
Check Out Our Latest Research Report on KDP
Keurig Dr Pepper Profile
(
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
