65,867 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 65,867 shares of the company's stock, valued at approximately $2,116,000.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $35,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $61,000. Catalyst Capital Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 52.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock worth $75,000 after acquiring an additional 684 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $70,000. 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 bought 3,619,600 shares of the stock in a transaction on 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 acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Barclays decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. TD Cowen decreased their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. UBS Group decreased their price objective on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.50.

Keurig Dr Pepper Trading Up 0.6 %

Keurig Dr Pepper stock traded up $0.20 during mid-day trading on Thursday, hitting $31.87. The company's stock had a trading volume of 10,085,568 shares, compared to its average volume of 8,250,940. The company has a 50 day moving average of $31.92 and a 200-day moving average of $34.04. The stock has a market cap of $43.23 billion, a PE ratio of 19.32, a P/E/G ratio of 2.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Keurig Dr Pepper Company 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.