Principal Financial Group Inc. Has $42.11 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Principal Financial Group Inc. cut its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 55.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,311,139 shares of the company's stock after selling 1,618,173 shares during the quarter. Principal Financial Group Inc. owned 0.10% of Keurig Dr Pepper worth $42,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in Keurig Dr Pepper in the third quarter worth $35,000. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper in the third quarter valued at $61,000. R Squared Ltd acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $70,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of Keurig Dr Pepper by 52.1% during the third 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 and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded up $0.90 on Friday, reaching $34.04. The stock had a trading volume of 17,594,539 shares, compared to its average volume of 8,814,197. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The business's 50-day moving average price is $31.79 and its two-hundred day moving average price is $33.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market cap of $46.17 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

The company also recently declared 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 55.76%.

Analysts Set New Price Targets

KDP has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Jefferies Financial Group decreased 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. TD Cowen lowered 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. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, UBS Group decreased their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.50.

Insider Activity

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The shares were 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

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.