Rhumbline Advisers Raises Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Rhumbline Advisers raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,098,778 shares of the company's stock after acquiring an additional 89,736 shares during the period. Rhumbline Advisers owned approximately 0.15% of Keurig Dr Pepper worth $67,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $35,000. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $61,000. R Squared Ltd acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $70,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of 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 buying an additional 684 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on KDP shares. Wells Fargo & Company lowered 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. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Jefferies Financial Group lowered their target price 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. UBS Group reduced their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup reduced their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.50.

Keurig Dr Pepper Trading Up 1.0 %

Shares of Keurig Dr Pepper stock traded up $0.33 on Wednesday, hitting $32.78. 11,260,346 shares of the company's stock traded hands, compared to its average volume of 8,453,995. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year 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. The company has a fifty day moving average of $31.80 and a two-hundred day moving average of $33.96. The company has a market capitalization of $44.46 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.61.

Keurig Dr Pepper Dividend Announcement

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 $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.81%. Keurig Dr Pepper's payout ratio is currently 55.76%.

Insiders Place Their Bets

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.

About Keurig Dr Pepper

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.