Keurig Dr Pepper Inc. (NASDAQ:KDP) Holdings Trimmed by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lessened its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 62.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,103 shares of the company's stock after selling 8,440 shares during the period. GPS Wealth Strategies Group LLC's holdings in Keurig Dr Pepper were worth $164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional grew its position in shares of Keurig Dr Pepper by 3.6% during the 3rd quarter. CX Institutional now owns 8,129 shares of the company's stock valued at $305,000 after buying an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Keurig Dr Pepper by 3.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company's stock valued at $320,000 after purchasing an additional 300 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after purchasing an additional 342 shares during the last quarter. Custom Index Systems LLC raised its position in shares of Keurig Dr Pepper by 5.3% during the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after purchasing an additional 357 shares during the period. Finally, First Hawaiian Bank lifted its holdings in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock worth $250,000 after purchasing an additional 384 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank of Canada increased 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. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. TD Cowen reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Citigroup decreased their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, Barclays cut their price target 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.50.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.04 during mid-day trading on Friday, reaching $31.04. 7,780,873 shares of the stock were exchanged, compared to its average volume of 8,185,807. 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 business has a fifty day moving average price of $32.02 and a 200 day moving average price of $34.08. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The firm has a market capitalization of $42.10 billion, a PE ratio of 18.81, a PEG ratio of 2.24 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.96%. Keurig Dr Pepper's payout ratio is currently 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.