8,450 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 8,450 shares of the company's stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Swedbank AB increased its stake in shares of Keurig Dr Pepper by 57.7% in the 3rd quarter. Swedbank AB now owns 733,823 shares of the company's stock worth $27,504,000 after acquiring an additional 268,555 shares in the last quarter. Pathstone Holdings LLC grew its position in Keurig Dr Pepper by 0.7% during the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock valued at $122,038,000 after buying an additional 22,657 shares during the period. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 41,466 shares in the last quarter. LMR Partners LLP lifted its stake in shares of 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 buying an additional 186,002 shares in the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in Keurig Dr Pepper by 9.4% in the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock worth $23,539,000 after purchasing an additional 54,167 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company's stock, 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 this link. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Trading Down 0.5 %

Shares of KDP stock traded down $0.15 during mid-day trading on Wednesday, reaching $31.14. The company's stock had a trading volume of 3,635,895 shares, compared to its average volume of 7,749,186. The firm has a market capitalization of $42.23 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.24 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. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The company's 50 day simple moving average is $32.08 and its 200-day simple moving average is $34.13.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper's payout ratio is 55.76%.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price 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. Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a "neutral" rating and a $35.00 target price for the company. Jefferies Financial Group dropped their price objective 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. Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, Barclays decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

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.