Plato Investment Management Ltd Has $2.26 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Plato Investment Management Ltd lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,185 shares of the company's stock after purchasing an additional 19,739 shares during the quarter. Plato Investment Management Ltd's holdings in Keurig Dr Pepper were worth $2,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper during the third quarter valued at approximately $25,000. LRI Investments LLC acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at $35,000. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth $37,000. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper during the 3rd quarter worth $61,000. Finally, Catalyst Capital Advisors LLC lifted its position in Keurig Dr Pepper by 52.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock worth $75,000 after acquiring an additional 684 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Morgan Stanley lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They set a "neutral" rating and a $35.00 target price for the company. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.23.

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Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.19 during trading on Friday, hitting $33.34. 11,217,054 shares of the company's stock traded hands, compared to its average volume of 9,155,632. The company has a market cap of $45.23 billion, a PE ratio of 20.21, a PEG ratio of 2.42 and a beta of 0.62. The firm's fifty day moving average price is $32.03 and its 200 day moving average price is $33.89. Keurig Dr Pepper Inc. has a twelve month low of $28.62 and a twelve month high of $38.28. 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 (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. Keurig Dr Pepper's payout ratio is presently 87.62%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. The trade was 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 through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the sale, the insider now owns 187,537 shares in the company, valued at approximately $6,385,634.85. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. Corporate insiders own 1.00% of the company's stock.

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.