Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,010 shares of the company's stock after acquiring an additional 30,751 shares during the period. Asset Management One Co. Ltd.'s holdings in Keurig Dr Pepper were worth $18,394,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $25,000. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $35,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $61,000. Catalyst Capital Advisors LLC lifted its position in shares of Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock worth $75,000 after purchasing an additional 684 shares during the period. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction on Wednesday, January 29th. The stock was 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 of the company's stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KDP. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Royal Bank of Canada raised their price target 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. Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, October 25th. UBS Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Finally, Citigroup cut 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 report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded up $0.33 during trading hours on Wednesday, hitting $32.78. 11,177,925 shares of the stock traded hands, compared to its average volume of 8,451,288. The firm's 50 day moving average price is $31.81 and its 200-day moving average price is $33.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market capitalization of $44.46 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 2.31 and a beta of 0.61. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio 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.