Bevco B.V. Jab Buys 3,619,600 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP - Get Free Report) major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded down $1.26 during midday trading on Tuesday, hitting $31.28. The company's stock had a trading volume of 7,262,580 shares, compared to its average volume of 7,982,331. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. 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 stock has a market capitalization of $42.43 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.24 and a beta of 0.61. The stock's 50 day simple moving average is $32.10 and its 200 day simple moving average is $34.14.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.94%. Keurig Dr Pepper's dividend payout ratio is 55.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KDP. Jefferies Financial Group reduced their price objective 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. Royal Bank of Canada increased their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Barclays cut their target price 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. Finally, UBS Group lowered their price target on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.50.

Institutional Investors Weigh In On Keurig Dr Pepper

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC bought a new stake in Keurig Dr Pepper in the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC raised its stake in shares of 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 buying an additional 530 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Keurig Dr Pepper during the 3rd quarter worth about $61,000. Finally, R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 93.99% of the company's stock.

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.