Chevy Chase Trust Holdings LLC Increases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Chevy Chase Trust Holdings LLC lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 591,514 shares of the company's stock after acquiring an additional 23,743 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Keurig Dr Pepper were worth $18,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC grew its stake in Keurig Dr Pepper by 6.4% in the fourth quarter. V Square Quantitative Management LLC now owns 23,143 shares of the company's stock valued at $743,000 after acquiring an additional 1,386 shares during the period. Vontobel Holding Ltd. grew its position in Keurig Dr Pepper by 1.0% in the 4th quarter. Vontobel Holding Ltd. now owns 154,065 shares of the company's stock valued at $4,949,000 after purchasing an additional 1,459 shares during the period. Asset Management One Co. Ltd. increased its stake in Keurig Dr Pepper by 5.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 570,010 shares of the company's stock valued at $18,394,000 after purchasing an additional 30,751 shares in the last quarter. Avestar Capital LLC raised its holdings in Keurig Dr Pepper by 15.1% during the fourth quarter. Avestar Capital LLC now owns 22,613 shares of the company's stock worth $726,000 after buying an additional 2,965 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Keurig Dr Pepper by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company's stock worth $488,463,000 after buying an additional 59,464 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KDP shares. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Citigroup decreased their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a report on Friday, October 25th. TD Cowen cut their target price on 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. Barclays lowered their price target on 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, Jefferies Financial Group cut their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business's stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, for a total transaction 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 $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded up $0.33 during mid-day trading on Wednesday, reaching $32.78. The company had a trading volume of 11,177,925 shares, compared to its average volume of 8,451,288. The company's 50-day moving average price is $31.81 and its 200-day moving average price is $33.97. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The firm has a market cap of $44.46 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.31 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.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.81%. Keurig Dr Pepper's payout ratio is 55.76%.

Keurig Dr Pepper 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.