Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,138,111 shares of the company's stock after purchasing an additional 242,315 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Keurig Dr Pepper worth $100,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in KDP. Swedbank AB boosted its holdings in Keurig Dr Pepper by 57.7% in the third quarter. Swedbank AB now owns 733,823 shares of the company's stock worth $27,504,000 after acquiring an additional 268,555 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Keurig Dr Pepper by 0.7% during the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock worth $122,038,000 after purchasing an additional 22,657 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock worth $22,806,000 after purchasing an additional 41,466 shares during the period. LMR Partners LLP lifted its holdings in shares of Keurig Dr Pepper by 55.5% during the third quarter. LMR Partners LLP now owns 521,000 shares of the company's stock worth $19,527,000 after purchasing an additional 186,002 shares during the period. Finally, Curi RMB Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 9.4% during the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock worth $23,539,000 after purchasing an additional 54,167 shares during the period. Institutional investors own 93.99% of the company's stock.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price 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 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 SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.11 during midday trading on Wednesday, hitting $31.67. The company had a trading volume of 6,950,809 shares, compared to its average volume of 8,185,411. The company's 50 day simple moving average is $31.94 and its 200 day simple moving average is $34.06. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The stock has a market cap of $42.96 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.90%. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

KDP has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Barclays reduced 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. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a "neutral" rating and a $35.00 price target for the company. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, Citigroup reduced their price target on 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. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

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.