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Forsta AP Fonden Boosts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Keurig Dr Pepper logo with Consumer Staples background

Forsta AP Fonden boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,200 shares of the company's stock after buying an additional 18,200 shares during the period. Forsta AP Fonden's holdings in Keurig Dr Pepper were worth $8,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KDP. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth about $35,000. Hexagon Capital Partners LLC lifted its position in Keurig Dr Pepper by 105.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $61,000. Finally, R Squared Ltd acquired a new position in Keurig Dr Pepper during the 4th quarter valued at about $70,000. 93.99% of the stock is owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business's stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KDP has been the topic of a number of recent research reports. Citigroup dropped their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Barclays cut their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. UBS Group dropped their price target 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 reduced their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Read Our Latest Research Report on KDP

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded up $0.39 during midday trading on Monday, hitting $32.49. The company's stock had a trading volume of 8,330,939 shares, compared to its average volume of 7,733,170. The firm has a market capitalization of $44.06 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.24 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 stock has a fifty day moving average price of $32.11 and a 200 day moving average price of $34.14. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.83%. Keurig Dr Pepper's dividend payout ratio is currently 55.76%.

Keurig Dr Pepper Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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