RWC Asset Management LLP Buys 398,916 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

RWC Asset Management LLP increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 34.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,553,095 shares of the company's stock after acquiring an additional 398,916 shares during the quarter. Keurig Dr Pepper makes up about 2.5% of RWC Asset Management LLP's holdings, making the stock its 5th biggest position. RWC Asset Management LLP owned 0.11% of Keurig Dr Pepper worth $49,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. FMR LLC grew its stake in shares of Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company's stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp grew its position in Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company's stock valued at $1,908,289,000 after buying an additional 4,970,467 shares during the last quarter. Geode Capital Management LLC increased its stake in Keurig Dr Pepper by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company's stock valued at $841,886,000 after buying an additional 591,316 shares during the period. Allspring Global Investments Holdings LLC raised its position in Keurig Dr Pepper by 0.4% during the 4th 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Keurig Dr Pepper by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,007,549 shares of the company's stock worth $225,163,000 after acquiring an additional 150,202 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Cowen dropped 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 note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Barclays dropped their price objective 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. UBS Group reduced their target price on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a "neutral" rating and a $35.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.08 during trading hours on Monday, hitting $34.12. The company's stock had a trading volume of 15,291,826 shares, compared to its average volume of 8,981,652. 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 of $31.80 and a 200-day moving average of $33.94. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a market cap of $46.28 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

The business 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. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

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.