Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,208 shares of the company's stock after selling 13,584 shares during the quarter. SG Americas Securities LLC's holdings in Keurig Dr Pepper were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KDP. FMR LLC increased its stake in Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company's stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares in the last quarter. State Street Corp increased its position in shares of Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company's stock valued at $1,908,289,000 after buying an additional 4,970,467 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock worth $91,908,000 after buying an additional 1,956,138 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Keurig Dr Pepper by 125.5% in the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company's stock worth $51,679,000 after buying an additional 767,298 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Keurig Dr Pepper by 5.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company's stock valued at $574,146,000 after acquiring an additional 730,297 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased 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 of the company's stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Up 1.3 %

KDP stock traded up $0.41 on Monday, hitting $32.51. 8,330,939 shares of the company were exchanged, compared to its average volume of 7,733,170. The stock has a market capitalization of $44.09 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.24 and a beta of 0.61. The business's fifty day moving average is $32.11 and its two-hundred day moving average is $34.14. Keurig Dr Pepper Inc. has a twelve month low of $28.61 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 55.76%.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research reports. Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research 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 report on Wednesday, January 8th. Royal Bank of Canada raised their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Piper Sandler began coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a "neutral" rating and a $35.00 price objective for the company. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $37.50.

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.