CIBC Asset Management Inc Purchases 20,291 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

CIBC Asset Management Inc increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 435,035 shares of the company's stock after acquiring an additional 20,291 shares during the period. CIBC Asset Management Inc's holdings in Keurig Dr Pepper were worth $13,973,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC raised its holdings in Keurig Dr Pepper by 10.5% in the 4th quarter. Sanctuary Advisors LLC now owns 86,345 shares of the company's stock worth $2,784,000 after purchasing an additional 8,190 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 97.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 3,946 shares of the company's stock valued at $127,000 after purchasing an additional 1,949 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Keurig Dr Pepper by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 398,513 shares of the company's stock worth $12,800,000 after buying an additional 5,732 shares during the last quarter. Principal Securities Inc. increased its position in shares of Keurig Dr Pepper by 13.2% during the 4th quarter. Principal Securities Inc. now owns 11,162 shares of the company's stock valued at $359,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Keurig Dr Pepper by 4.5% in the 4th quarter. Rhumbline Advisers now owns 2,098,778 shares of the company's stock worth $67,413,000 after purchasing an additional 89,736 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Up 2.7 %

KDP traded up $0.90 during trading hours on Friday, hitting $34.04. 17,594,539 shares of the company's stock were exchanged, compared to its average volume of 8,814,197. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The firm has a market cap of $46.17 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.39 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. The firm has a 50 day moving average of $31.79 and a 200 day moving average of $33.95.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. Keurig Dr Pepper's dividend payout ratio is currently 55.76%.

Analysts Set New Price Targets

Several brokerages have recently commented on KDP. UBS Group lowered their price objective on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on 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. Jefferies Financial Group lowered 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 report on Friday, October 25th. Finally, Citigroup cut their price target 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.50.

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.