Equitable Trust Co. Takes $344,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Equitable Trust Co. purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,708 shares of the company's stock, valued at approximately $344,000.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays lowered their price objective 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. Royal Bank of Canada increased their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. TD Cowen cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group reduced their target price on 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $37.50.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded down $0.22 during mid-day trading on Friday, hitting $31.65. 9,638,359 shares of the stock were exchanged, compared to its average volume of 8,124,423. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market capitalization of $42.93 billion, a P/E ratio of 19.18, a P/E/G ratio of 2.16 and a beta of 0.61. The company has a 50-day simple moving average of $31.87 and a 200 day simple moving average of $34.01. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. Keurig Dr Pepper's payout ratio is 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company's stock.

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.