TCW Group Inc. Raises Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

TCW Group Inc. boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 384,444 shares of the company's stock after acquiring an additional 12,542 shares during the quarter. TCW Group Inc.'s holdings in Keurig Dr Pepper were worth $12,348,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. AMF Tjanstepension AB purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $2,557,000. Blue Trust Inc. boosted its stake in shares of Keurig Dr Pepper by 343.6% in the third quarter. Blue Trust Inc. now owns 3,766 shares of the company's stock worth $141,000 after acquiring an additional 2,917 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Keurig Dr Pepper by 14.9% during the third quarter. Sequoia Financial Advisors LLC now owns 12,739 shares of the company's stock worth $477,000 after purchasing an additional 1,651 shares in the last quarter. International Assets Investment Management LLC raised its stake in Keurig Dr Pepper by 6,430.6% in the 3rd quarter. International Assets Investment Management LLC now owns 114,351 shares of the company's stock valued at $4,286,000 after purchasing an additional 112,600 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in Keurig Dr Pepper by 12.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 8,327 shares of the company's stock valued at $314,000 after purchasing an additional 945 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KDP shares. TD Cowen lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. UBS Group cut their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Piper Sandler began coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a "neutral" rating and a $35.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.50.

Keurig Dr Pepper Trading Up 0.2 %

Shares of KDP stock traded up $0.08 during trading hours on Monday, hitting $34.12. The company had a trading volume of 15,291,826 shares, compared to its average volume of 8,981,652. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week 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's fifty day moving average is $31.80 and its 200 day moving average is $33.94. The stock has a market capitalization of $46.28 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 2.42 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 paid 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 of this dividend is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is 55.76%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

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.