Robeco Institutional Asset Management B.V. Has $22.80 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 709,832 shares of the company's stock after purchasing an additional 130,768 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Keurig Dr Pepper worth $22,800,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter worth $35,000. Hexagon Capital Partners LLC boosted its position in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after buying an additional 530 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at $61,000. Finally, R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $70,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KDP. Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 target price on the stock. UBS Group decreased their target price 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. Jefferies Financial Group lowered their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.50.

Keurig Dr Pepper Stock Up 1.3 %

Shares of KDP traded up $0.41 during midday trading on Monday, reaching $32.51. 8,330,939 shares of the company were exchanged, compared to its average volume of 7,733,170. The company has a market cap of $44.09 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.24 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The stock has a 50-day moving average price of $32.11 and a 200-day moving average price of $34.14.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.83%. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business's stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now directly owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.