Liberty One Investment Management LLC Has $23.16 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Liberty One Investment Management LLC grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 720,890 shares of the company's stock after buying an additional 13,077 shares during the period. Keurig Dr Pepper accounts for 2.5% of Liberty One Investment Management LLC's investment portfolio, making the stock its 19th biggest position. Liberty One Investment Management LLC owned approximately 0.05% of Keurig Dr Pepper worth $23,155,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Keurig Dr Pepper in the third quarter valued at $25,000. LRI Investments LLC purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at about $35,000. Hexagon Capital Partners LLC increased its stake in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock valued at $39,000 after acquiring an additional 530 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Keurig Dr Pepper by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company's stock worth $59,000 after acquiring an additional 314 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $61,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the transaction, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

KDP has been the subject of several research reports. Jefferies Financial Group dropped their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a report on Friday, October 25th. Piper Sandler assumed coverage on Keurig Dr Pepper in a research note on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Finally, Citigroup dropped their price objective on shares of 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 given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.50.

Keurig Dr Pepper Stock Up 1.1 %

NASDAQ KDP traded up $0.34 on Friday, hitting $31.62. 6,930,293 shares of the stock traded hands, compared to its average volume of 7,931,290. 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 stock has a 50-day moving average of $32.28 and a 200 day moving average of $34.19. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a market capitalization of $42.89 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

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.