BDF Gestion Has $1.42 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

BDF Gestion trimmed its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 69.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,079 shares of the company's stock after selling 100,335 shares during the quarter. BDF Gestion's holdings in Keurig Dr Pepper were worth $1,416,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper in the third quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $35,000. Hexagon Capital Partners LLC grew its position in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after buying an additional 530 shares during the period. Brooklyn Investment Group bought a new stake in shares of Keurig Dr Pepper during the third quarter worth approximately $61,000. Finally, R Squared Ltd acquired a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $70,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KDP has been the subject of a number of analyst reports. Barclays lowered their target price 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. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Citigroup cut their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, UBS Group lowered their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now directly owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Up 1.4 %

Shares of KDP stock traded up $0.44 during trading hours on Monday, hitting $32.54. 13,544,564 shares of the company were exchanged, compared to its average volume of 7,786,277. The company has a market capitalization of $44.14 billion, a PE ratio of 19.72, a PEG ratio of 2.24 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The business has a 50 day moving average of $32.11 and a two-hundred day moving average of $34.14. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio is 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.